SEB’s sustainability strategy is built on an ambition of contributing to the transition to a net-zero society. The strategy is aligned with the Paris Agreement and entails achieving a net-zero credit portfolio by 2050.
To monitor progress on this goal, SEB has developed interim 2030 targets for seven sectors in its credit portfolio and two indexes: the Carbon Exposure Index, which measures the bank’s fossil credit exposure, and the Sustainability Activity Index – a volume-based metric that tracks SEB’s progress across key sustainability-related activities, such as sustainable financing and Greentech Venture Capital investments.
The bank reviews the metrics and targets continuously to ensure that they support its sustainability strategy, accurately measure progress, and are aligned with the current market and regulatory conditions. As part of this process, SEB has updated the Sustainability Activity Index.
As part of the update, SEB has refined how it measures sustainable financing to reflect developments in the market and the regulatory landscape. As part of this refinement, Sustainability‑Linked Loan volumes are no longer included in the metric, as market sentiment has changed for this product type. This shift is driven by more comprehensive sustainability reporting requirements and increased maturity in customers’ transition journeys. SEB has also revised and aligned the definition of sustainable financing for household mortgages across markets, inspired by the EU taxonomy’s climate mitigation technical screening criteria.
Furthermore, the bank has removed a section on sustainable savings and investments (share of Article 9 funds in assets under management) ahead of the planned introduction of Sustainable Finance Disclosure Regulation 2.0 by the European Commission, which is expected to replace current product disclosures with a new categorisation framework.
By updating the definition of the Sustainability Activity Index, SEB has ensured a KPI that better reflects the current market and regulatory environment it operates in. The update strengthens the bank’s ability to drive progress, steer business and shape incentives.
SEB will begin publicly reporting on SAI in accordance with the latest update in the 2026 Annual Report.