“During the year, we increased financing in green buildings and renewable energy, with a growing demand for solar power projects and energy efficiency solutions, battery storage,” says Jonas Söderberg, acting Chief Sustainability Officer at SEB. “This development has directly contributed to our Sustainability Activity Index increasing more than threefold since the goal was launched and underpins our ambition to scale sustainability activities by six to eight times by 2030 compared with a 2021 baseline.”
SEB’s Green Bond Framework, most recently updated in February 2025, has received a Medium Green shading in the second party opinion from S&P Global. The framework is aligned with International Capital Market Association’s (ICMA) Green Bond Principles and broadly aligned with the EU Taxonomy’s substantial contribution criteria, supporting SEB’s long-term vision of a low-carbon and environmentally sustainable society.
“Green bonds have been part of SEB’s funding strategy since 2017 and remain an important complement to our other market financing. They help us diversify our global investor base while supporting our customers’ sustainability transitions,” says Kimberly Bauner, Head of Group Treasury at SEB. SEB has six green bonds outstanding, together totaling 5.25 billion euros, or 57 billion kronor. The proceeds of the green bonds outstanding in 2025, are estimated to have avoided/reduced emissions by 2.0 million tonnes CO2 equivalents. This is equivalent to emissions from nearly 3.1 million cars running an average distance of 12,000 km/year.*
More information about SEB’s sustainability work is available in the Annual Report 2025 and the Green Bond Investor Report.
Green Bond Investor Report and Green Bond Framework
*The preliminary average emissions from a new car in Sweden was 54g CO2/km in 2025 (ref. The Swedish Transport Administration).