SEB Asset Management updates sustainability policy
On 19 February 2025, SEB Asset Management adopted an updated sustainability policy to ensure regulatory compliance, alignment with market developments, and adherence to external commitments within a restructured business structure.
The updated policy reflects SEB's ongoing commitment to sustainable development and its ambition to integrate long-term sustainable value creation across all investments.
Outline of changes
Adaptation to new business structure and market developments
The policy has been updated to clarify and ensure compliance within the new business structure, as well as to align with market developments in sustainability.
SEB Group policy with regards to own impact
The updated policy reflects the adoption of SEB's group policy regarding its own impact on sustainability.
Clarification of policy scope
The scope of the policy has been clarified in relation to mandates, customer acceptance, fund-of-funds products and alternative investments.
New standpoints
New standpoints have been established regarding commodity derivatives and stakeholders.
Update to Exclusion Criteria
The revenue limit has been updated to -1% for coal distribution and metallurgical coal extraction.
Specific sustainability targets
Deforestation target
Time-bound deforestation targets associated with high-risk commodity sectors.
Finance for biodiversity pledge
A commitment to contribute to the preservation and restoration of biodiversity by 2030.
SBTN (Science-Based Targets for Nature) portfolio adoption target
The policy includes a target to align the portfolio with science-based nature goals.
Sustainability governance
A clearer division of responsibilities for relevant committees and functions within sustainability has been introduced.
The clarification of relationships between SEB Group and the responsibility for the sustainability and corporate governance team.