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SEB Asset Management calls on governments to act on climate crisis

Elisabet Jamal Bergström, Head of Sustainability at SEB Asset Management.
Elisabet Jamal Bergström, Head of Sustainability at SEB Asset Management.

SEB Asset Management, the bank’s fund management company, has joined hundreds of other investors in calling on governments and policymakers to accelerate their actions to achieve net zero emissions by 2050.

The initiative – 2024 Global Investor Statement to Governments on the Climate Crisis – seeks to unify investor and financial sector voices to call for comprehensive action on the climate crisis.

“We recognise this is only one piece of the broader climate advocacy puzzle. To meet our climate goals, governments and policymakers must heed this unified call and accelerate their actions,” says Elisabet Jamal Bergström, Head of Sustainability at SEB Asset Management.

Jamal Bergström says that as an investor, SEB is committed to driving this momentum through its portfolios and amplifying the bank’s voice in policy circles and global forums like COP 29.

Achieving a net zero-emissions economy by 2050 or sooner is in line with credible 1.5-degree pathways. In 2018, the United Nations’ Intergovernmental Panel on Climate Change (IPCC) published a report saying that limiting global warming to 1.5 degrees Celsius compared with 2 degrees would reduce challenging impacts on ecosystems, human health, and well-being.

"The statement we have now signed is a powerful testament to the urgency of coordinated climate action”, says Elisabet Jamal Bergström. 

2024 statement

The 2024 Global Investor Statement to Governments on the Climate Crisis is the most comprehensive statement to date. It calls on governments to raise their climate ambition in line with the goal of limiting global temperature rise to 1.5 degrees Celsius. To achieve these agreed climate goals, the 2024 Global Investor Statement calls for a whole-of-government approach across five critical policy groupings:

  • enacting economy-wide public policies;
  • implementing sectoral strategies, especially in high-emitting sectors;
  • addressing nature, water and biodiversity-related challenges contributing to and stemming from the climate crisis;
  • mandating climate-related disclosures across the financial system; and  
  • facilitating further private investment into climate mitigation, resilience, and adaptation activities in emerging markets and developing economies.