However, as a bank, our largest environmental impact is indirect, the results of our funding and investments to environmental areas in need of capital. Read more in Sustainable finance.
Renewed targets to 2020
Between 2008 and 2015, we reduced our annual CO2 emissions by 54 per cent. Keeping our ambitions high, we will continue to work with minimising our direct footprint. We will further optimise our energy consumption, reduce paper consumption and improve our company car fleet. Special focus will be put on air travel in order to further reduce emissions related to business travel, as this area now accounts for the major part of our carbon footprint.
Our target for 2020 is to reduce our carbon footprint with another 20 per cent and to improve resource efficiency. Besides the overall CO2 reduction, the targets for 2020 include a 20 per cent reduction of emissions from:
• business travel
• company cars
• paper usage
• energy and electricity consumption
In 2016, SEB created a new extended baseline as regards CO2 emissions, energy use, business travel and paper consumption. The baseline includes more countries in the environmental reporting, now covering 99 per cent of our employees, globally (for details, see CS Fact Book, p. 2).
Results per focus areas