Svenska Handelsbanken: Handelsbanken publishes a climate report on its loans

0


2021-12-21
Handelsbanken publishes climate report on loans

The Bank made several significant advances in its environmental work during 2021. We have set ambitious climate targets, joined the Net-Zero Banking Alliance, transferred our index funds to Paris-Aligned Benchmarks and we are committed to ensuring that our Climate targets are verified by the Science Based Targets initiative (SBTi). Now we are taking another important step by releasing a climate report on our loans.

Climate change is probably the biggest challenge we face at this time, and we can clearly see a steady increase in interest and demand for how the financial sector manages the risks and opportunities associated with these. changes. In order to contribute to a better understanding and awareness on these issues, Handelsbanken has published a climate report covering Bank lending, which has been prepared in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

“Always seeking to deepen our understanding, analyzing and being transparent are the cornerstones of our sustainable development work. Knowledge is the key to our own sustainable development journey, but also to enable us to support the development and transition of our This is particularly relevant when it comes to slowing down, as well as managing the effects of climate change. So we hope, and we believe, that this report will contribute exactly to that – a better understanding, ”said Catharina Belfrage Sahlstrand , responsible for sustainable development and climate action at Handelsbanken.

The report includes, among other things, the Bank’s first prospective analysis on future risks related to climate change. Specifically, the analysis focuses on the Bank’s home loans in Gothenburg, an area designated by the Swedish Civilian Contingency Agency as one of the most exposed locations in Sweden in terms of climate-related risks.

Read the report

Open the attached PDF to read the report.

[Link] Press release in PDF format

Close

Warning

Svenska Handelsbanken AB published this content on December 21, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 21, 2021 09:09:03 AM UTC.


Share.

About Author

Comments are closed.