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 direct environmental impact. Between 2008 and 2015, we reduced our annual CO2 emissions by 54 per cent (read more below).
Another important task is to channel funding and investments to critical areas in need of capital to enact changes to reduce our society's environmental impact. Read more in Sustainable finance.
Renewed targets to 2020
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. A new baseline has been established for 2015 including countries and processes that previously have not been accounted for due to limited data availability.
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
Results per focus areas