- Risk of becoming dependent on key employees.
- Risk of recruitment errors.
- Risk of insufficiently sustainable lending leading to downgraded rating and borrowing ability.
- Risk of reduced lending volumes and major changes in residual values due to the transition to electrified vehicles.
- Slowing pace of electrification due to recession and government policy changes.
Ziklo Bank AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Ziklo Bank AB (publ) disclosed greenhouse gas emissions of 234.8K tonnes CO2e (Scope 1 2 and 3 combined). By scope: Scope 1: 101 tonnes CO2e; Scope 2: 1 tonne CO2e; Scope 3: 234.6K tonnes CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
234.8K tonnes CO2e (Scope 1 2 and 3 combined)
2023
Renewable Energy
100% (uses only renewable electricity labelled ‘Good Environmental Choice’)
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 101 tonnes CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1 tonne CO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 234.6K tonnes CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 234.8K tonnes CO2e (Scope 1 2 and 3 combined) |
| 2022 | 278.8K tonnes CO2e (Scope 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Increased proportion of green bonds in overall outstanding bonds volume to 43% (SEK 5.6 billion) as of 31 December 2023.
- 69% of all new vehicles in stock were rechargeable in 2023 (compared to 60% Swedish market share).
- Proportion of rechargeable vehicles in overall stock increased to 33% as of 31 December 2023 (from 24% the previous year).
- Annual CO2 reduction of 8,226 tonnes from loan portfolio financed by green bonds.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce average CO2 emissions from vehicles in the bank’s portfolio by 30% by 2025 (2020 as base year).
📅 Medium-term
- Reduce average CO2 emissions from vehicles in the bank’s portfolio by 70% by 2030 (2020 as base year).
🔭 Long-term
- Net zero carbon footprint
🌱 ESG Focus Areas
Economic sustainabilityEcological sustainabilitySocial sustainabilityResponsible corporate governance