Svenska Handelsbanken has set a net-zero target for its operations, aiming to achieve it by 2040. Svenska Handelsbanken's latest filings mentioned the keywords 'Emissions' and 'Climate Change' most number of times in relation to 'Net Zero'.

In 2022, the company reported Scope 1 emissions at 48 tCO2e, Scope 2 emissions (market-based) at 3,090 tCO2e, Scope 2 emissions (location-based) at 5,460 tCO2e, and Scope 3 emissions at 6,621 tCO2e. For 2022, Handelsbanken measured its material environmental impacts and reported its emissions by country that included Sweden, UK, Norway, Finland, and The Netherlands at 6,170 tCO2e, 2,140 tCO2e, 533 tCO2e, 402 tCO2e, and 515 tCO2e, respectively. In addition, the data quality score of the bank's real estate lending portfolio has improved slightly since its first calculations in 2021, due to better energy label coverage across all countries included in the calculations.

Svenska Handelsbanken has taken steps to reduce its emissions, including developing a method to calculate financed emissions from tenant-owner associations and tenant-owned apartments in Sweden and Norway. Its Swedish fund company Handelsbanken Fonder has set an interim target to reduce the carbon intensity of the funds by 50% by 2030. Similarly, by 2025, 20% of the bank’s financing volume shall consist of green financing, social financing or financing that contributes to the borrower’s measurable, sustainable transition.

In conclusion, Svenska Handelsbanken is committed to ensuring a sustainable future by aligning its investment portfolios with the objectives and transition pathway outlined in the Paris Agreement. The bank aims to achieve net-zero greenhouse gas emissions by 2040 at the latest. Additionally, Svenska Handelsbanken seeks to increase the contributions of its funds towards the 2030 Agenda. To fulfill these goals, the bank will consider all aspects, including lending, leasing, investments, as well as its own operations like energy consumption and business travel.

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