Q&A Labour rights and social relations

We engage with customers on a regular basis on aspects concerning labour rights and social relations in order to understand their challenges and opportunities so that we can make the appropriate credit considerations and to be a better business partner.
Labour rights and social relations

All of SEB’s employees (100 %) are covered by collective or local agreements. A continuous dialogue is carried out with employees, employee representatives and with trade unions. SEB has had a European Works Council (EWC) since 2003.
Labour rights and social relations

SEB is committed to the principles of protecting children from any forms of child labour and exploitation. We strive to identify and mitigate the exposure to risks related to child labour and to influence our clients and portfolio companies to have appropriate child labour policies and monitoring systems of sufficient quality.

Read more in SEB’s Position Statement on Child Labour

In our Supplier Code of Conduct we express the importance of having a sustainable supply chain and that we expect our suppliers to operate in compliance with all applicable environmental, labour and anti-corruption laws and regulations of the countries in which they operate, manufacture or conduct business. The Supplier Code of Conduct is based on SEB's group-wide Code of Business Conduct. Read more about our Supply chain management.

We support future generations. We choose partnerships that highlight SEB's role in society, in the countries where we operate and in programmes that promote the basis for successful growth: entrepreneurship, good conditions for children and youth through financial literacy, social inclusion and music and learning. Estimated number of employee volunteering hours was 17,000. 
Read more about how SEB work with corporate citizenship