SEB Asset Management presents Finance for Biodiversity Pledge targets

SEB Asset Management signed the Finance for Biodiversity Pledge in 2023, acknowledging the critical importance of biodiversity as the foundation for resilient ecosystems and sustainable development. Aligning with the Kunming-Montreal Global Biodiversity Framework, this reflects our commitment to protecting natural habitats while promoting long-term value for stakeholders.

Setting our Pledge targets represents a pivotal step in aligning our investments with global biodiversity goals.

Initiation and monitoring targets:

• ENCORE mapping and CDP forests assessment:
  Enhanced portfolio monitoring to be implemented during 2024/2025.
• Biodiversity exclusions:
  Biodiversity-related exclusions will be published in 2025, similar to norms-based exclusions.
• Deforestation exposure mapping:
  Comprehensive deforestation exposure assessments to be done by end of 2025, subject to data availability and coverage.
• Integration in sustainability policies:
  Further integration of biodiversity and land-use considerations in our proprietary sustainability scoring model (SIMS-S) and in our Sustainability Policy by end of 2025.
• Policy mapping:
  Science-based Targets for Nature (SBTN) exposure and adoption of deforestation policies will be mapped and disclosed by end of 2025, as measured by Principal Adverse Impact (PAI) indicator 15.

Portfolio targets:

• No-deforestation policies:
  By 2030, all high-risk commodity portfolio companies will have a no-deforestation policy, starting from 60%.
• Time-bound no-deforestation targets:
  By 2030, all high-risk commodity portfolio companies will adopt time-bound no-deforestation targets, starting from 30%.
• Science-based targets for nature (SBTN):
  By 2030, 20% of the total portfolio will adopt a validated SBTN, starting from 0%.
• Deforestation policy coverage:
  By 2030, 50% of the total portfolio will adopt deforestation policies as measured by the PAI indicator 15, starting from 31%.