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# Handelsbanken green bond impact report shows eligible green assets up over 36% to SEK 121 billion
- URL: https://www.theglobalbanker.com/handelsbanken-green-bond-impact-report-shows-eligible-green-assets-up-over-36-to-sek-121-b/
- Published: 2025-05-22T08:00:00.000Z
- Updated: 2026-10-20T12:41:43.000Z
- Description: Green buildings, largely green mortgages, made up nearly 90% of the Swedish bank's eligible green assets at the end of 2024, when it had SEK 64 billion of green bonds outstanding.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #archive

Svenska Handelsbanken published its Green Bond Impact Report 2024 in May 2025, showing that the eligible green assets under its Green Bond Framework grew by more than 36% during 2024 to SEK 121 billion.

During 2024 the Swedish bank issued four green bonds amounting to almost SEK 29 billion, one of them a green covered bond issued together with its wholly owned mortgage arm Stadshypotek. Green bonds outstanding totalled SEK 64 billion at the end of the year, and the report puts the impact achieved at 170,778 tonnes of CO2e emissions avoided or reduced.

#### GREEN BUILDINGS DOMINATE

Green buildings accounted for 89% of eligible green assets, which the bank said was largely explained by the inclusion of green mortgages as eligible assets from 2022 onwards. Sustainable forestry made up 3%, clean transportation, pollution prevention and control, and renewable energy 2% each, and sustainable water and wastewater management and energy efficiency 1% each. By geography, 89% of the assets were in Sweden, 10% in Norway and 1% in the UK.

Handelsbanken assessed that SEK 78.1 billion, or 65%, of its eligible green assets were aligned with the EU Taxonomy's technical screening criteria for substantial contribution to climate change mitigation, with a further 20% most likely aligned and 15% lacking sufficient data for assessment.

#### FRAMEWORK

The bank established its first Green Bond Framework in 2018 and updated it in 2022 to include green mortgages. The 2022 framework, which covers eight Green Bond Principles categories and is aligned with the 2021 ICMA Green Bond Principles, was graded Medium Green by CICERO Shades of Green, with its governance structure assessed as Excellent. By the end of 2024 Handelsbanken and Stadshypotek had issued eight green bonds under it. The report's selected information was subject to a limited assurance review by the bank's auditor.