Our business is governed by a set of policies and instructions. Within the sustainability area, we abide by the Corporate Sustainability Policy, the Environmental Policy, the Human Rights Policy and the Tax Policy. SEB's position statements and sector polices provide guidelines on best practice as well as on the international conventions and standards that we encourage companies to follow.

Corporate Sustainability Policy

Environmental Policy

Human Rights Policy

Inclusion and Diversity Policy

Tax Policy

Policy on Integration of Sustainability in Investment Decisions and Advice


Position statements

Child Labour

The United Nations Convention on the Rights of the Child is one of the most widely accepted human rights treaty, still child labour is a problem of immense global proportions. SEB fully appreciates the severity of child labour and reducing it is of high priority.
Download position statement on Child Labour

Fresh Water 

Freshwater is a scarce commodity, but one that is essential for sustaining life. SEB are aware that the increasing global water stress threat destabilised regions and increases our clients' financial risk.
Download position statement on Fresh Water

Modern Slavery Act 

The UK Modern Slavery Act from 2015 requires that companies with operations in the UK publish a statement that describes the major steps taken to ensure that slavery and human trafficking do not occur in any part of its business or in its supply chains.
Download position statement on Modern Slavery Act


Sector policies

SEB's sector policies provide guidelines on industry good practice that SEB expects companies to follow as well as SEB restrictions on financing and investing in certain activities. The sector policies are part of the overall Sustainability policy framework described in the Corporate Sustainability Policy (see above).

During 2021 the sector policies, which all apply to SEB Group, will be updated. SEB’s ambition is that all operating legal entities in the SEB Group shall adopt the sector policies or similar policies. The following activities are however exempted from sector policies.

Exempted activities

  1. Intermediation services such as provision of investment opportunities and thereto related research activities
  2. Securities financing activities
  3. Funds managed outside SEB Group
  4. Corporates with either a turnover below 0.5 million Euros or a credit exposure below one million Euros
  5. Products where the employees in companies in scope are the beneficiaries, e.g. Occupational Pension
  6. Any activity that the SEB Group is obliged under law or regulation to provide.

 In addition, investment and financing to protect SEB’s own position and loan recoveries as well asInv estment banking related services (e.g. Mergers & Acquisition, Equity Capital Markets, Debt Capital Markets) can be exempted contingent on Group Risk Committee approval for each proposed transaction and based on appropriate Sustainability due diligence.

Arms and Defence

SEB acknowledges the right of every nation to defend itself, as stated in the United Nations Charter. We accept that certain types of weapons are necessary for achieving internationally accepted goals. However, we expect our clients and portfolio companies to meet this sector policy in which we emphasise that any engagement with the arms and defence sector shall be underpinned by a long-term and responsible approach.
Download policy for Arms and Defence


The forestry industry plays a pivotal role in the economy at large, globally as well as regionally. SEB promotes a sustainable forestry industry, works to prevent adverse environmental and social impact and supports good governance among it's clients.
Download policy for Forestry

Fossil Fuel

The fossil fuel sector is responsible for the provision of power and fuel across the globe, playing an essential role in the world economy. However, fossil fuel activities contribute to climate change. This policy was updated in February 2021.
Download policy for Fossil Fuel


When pursued in moderation, gambling can be enjoyable and relatively harmless. However, gambling in excess, aggressively marketed and potentially offered to financially weaker parties or non-adults is a non-sustainable business model that raises significant societal concerns, human rights related issues and reputational risk. There is also risks related to financial crime and money laundering. On that background SEB has chosen to be restrictive with providing financial services to-, and investments in companies whose primary revenue source is derived from products and services intended for gambling. As a consequence SEB has adopted a policy.

Mining and Metals

The mining and metals industry is fundamental for society. The industry in itself underpins economic growth. Mining activities can potentially have a negative impact on the environment and society.
Download policy for Mining and Metals

Renewable Energy

Energy plays an essential role in the global economy and drives economic growth. As the world is seeking new solutions to mitigate climate change and best utilise scarce resources, the renewable energy sector is becoming a growing component of the energy landscape. SEB seek to facilitate this development based on sustainable principles and governance.
Download policy for Renewable Energy


The shipping industry, through the transportation of raw materials, semi-finished goods and finished goods from producing countries for further processing and to end-user markets, is a major facilitator of global trade and is thereby a fundamental industry for society.
Download policy for Shipping


Smoking tobacco today constitutes a significant public health problem, causing severe negative impact on people’s health at large scale. Every seventh death in the world (13 per cent) was the result of direct smoking in 2017, and more than 90 per cent of tobacco related revenues globally come from cigarettes and e-cigarettes*. On that background, SEB takes a restrictive approach towards the tobacco industry. We do not finance or invest in companies where 5 per cent or more of the turnover is derived from manufacturing and/or distribution of cigarettes and e-cigarettes.

* https://ourworldindata.org/smoking