Like many other players in our industry, we are working to increase our understanding of what impact our operations have on the climate and the environment, including water, biodiversity and ecosystems. We are continuously deepening our knowledge and analysis of our climate impact. By calculating our emissions using the Greenhouse Gas Protocol (GHGP) within scopes 1, 2 and 3 both upstream and downstream, we can create a picture of our impact. Upstream means the emissions created by how our own operations are conducted, for example by heating the premises in which we conduct business and through business trips taken by our employees. Downstream means the emissions that occur from the products we produce and sell.
We calculate our climate impact in four areas where we see that we have the greatest impact:
Our own business operations
Our customers' financial investment portfolios
Our loan portfolio
Our treasury portfolio
Climate calculations face challenges today in terms of obtaining reliable data and comparable standards for calculations within Scope 1, 2 and 3. We calculate as transparently as we can, using the data we currently have. We are consequently aware that we must continuously broaden and adjust our calculations when standardised calculation models become available.Climate targets Climate compensation