When the Riksbank has purchased bonds issued by Swedish non-financial companies, sustainability aspects have been taken into account to manage sustainability-related financial risks.^[43] See M. Andersson and M. Stenström (2021), “Sustainability considerations when purchasing corporate bonds”, Economic Commentaries No. 3, Sveriges Riksbank. As of September 2022, the Riksbank has only purchased bonds from companies that report their footprint according to Scope 1 and Scope 2. However, this did not affect the bonds that the Riksbank had already acquired by that date.^[44] See “Decision, the Riksbank's bond purchases during the second half of 2022” in Minutes of the Monetary Policy Meeting, Annex B, June 2022, Sveriges Riksbank. Since 2021, the Riksbank has reported the portfolio weighted average carbon intensity of the corporate bond holdings. As of 2025, the Riksbank also reports the portfolio weighted average carbon intensity of its holdings of Swedish government bonds.^[45] Calculating the footprint of the holdings of covered bonds (mortgage bonds) and municipal bonds is more complex. Due to deficiencies in available data and methodologies, and the fact that these portfolios will eventually mature, the portfolio weighted average carbon intensity of these assets is not reported.

The carbon footprint for assets in Swedish kronor

At the end of 2024, the Riksbank’s holdings of Swedish government bonds amounted to a nominal value of SEK 157.4 billion and its holdings of corporate bonds to SEK 4.0 billion. If no new decisions are taken, the holding of corporate bonds will mature by June 2027 at the latest. The portfolio weighted average carbon intensity was 73.6 tons for government bonds and 89.5 tons for corporate bonds per million US dollars. Since the calculation of corporate bonds is partly based on estimates, it should be seen as an indication and not as an exact figure.^[46] The footprint of corporate bonds is measured as portfolio weighted average carbon intensity, where each company's emissions are set in relation to its revenues, which are then weighted according to its share of total corporate bond holdings. The calculation is based on both reported emissions and estimated emissions (Scope 1 and Scope 2).