Climate Transition Plan
Our Climate Transition Plan outlines how we work to achieve net zero emissions and presents our ambition for sustainable financing volumes.
Climate
The direction is clear. Swedbank sees climate change as one of the greatest challenges of our time. Considering our history, our purpose, and our vision, we are determined to facilitate a climate transition that aligns with the Paris Agreement and to contribute to meeting the UN Sustainable Development Goals (SDGs). This commitment will help Swedbank to influence society in a more sustainable direction.
A sustainable business strategy
Swedbank’s vision is a financially sound and sustainable society where we empower the many people and businesses to create a better future. A major transition of society is needed, and banks have an important role to play to manage global environmental challenges that affect us and future generations. In Swedbank’s Position Statement on Climate Change and Nature the bank clarifies that Swedbank is actively engaged in and finances the necessary transition in society. Swedbank also emphasises its role in promoting technologies to enable a sustainable transition, such as electrification and renewable energy. Furthermore, Swedbank has specified restrictions on fossil fuels as part of its work to mitigate climate change.
Climate analysis and follow-up
Swedbank continuously develops its climate change disclosure through improved data collection and future climate scenario analysis. In Swedbank’s annual and Sustainability Report, we disclose detailed exposure towards climate risks in our lending and investments including specific sector reporting.