Our own environmental footprint

Climate change is one of today's most serious challenges. SEB recognises the importance of limiting the average global temperature rise to well below the 2°C target. We therefore actively work to reduce our own environmental impact.

Our targets to 2020

We have set a target to reduce our own climate footprint by 20 per cent to 2020.  We continuously work to decrease our carbon emissions. In 2019, the bank reduced its total carbon emissions by 4.6 per cent. To reach our goal we strive to:

  • Reduce business travel by using alternative techniques for meetings
  • Improve energy efficiency at our operations and buildings
  • Use renewable energy in our buildings
  • Work with our suppliers to minimise our carbon footprint together

Besides the overall CO2 reduction, the targets for 2020 include a 20 per cent reduction of emissions from energy consumption.

Business travel

In 2019, several measures were taken to accelerate the reduction of the bank’s own emissions. Special focus was put on reducing air travel, which is our most challenging part of our own impact. This contributed to a 10 percent reduction of emissions related to air travel, which together with train travel accounted for about 50 per cent of total our carbon emissions. 

For all environmental details, see Sustainability Fact Book.