Swedbank sets climate targets for lending portfolio for 2030
To further combat climate change, Swedbank has adopted 2030 decarbonisation targets for the lending portfolio. The targets are in line with the global 1.5° C target and have been set for the following sectors: mortgages, commercial real estate, oil & gas, power generation and steel. The targets are part of Swedbank’s commitment to the Science-Based Targets initiative and the Net-Zero Banking Alliance.Sustainability is at the core of Swedbank’s business strategy, and the bank is determined to facilitate a climate transition that aligns with the 1.5° C target. “Climate change is one of