22 Jan 2015 12:36

SEB fares well in sustainability rankings

SEB led a recent ranking of Swedish banks by Fair Finance Guide. The bank was also included in both the Sustainability Yearbook 2015 and the Global 100. "These studies confirm that we are doing a lot and are on track," says Cecilia Widebäck West, Head of Sustainability at SEB.

Fair Finance Guide is an international initiative started in the Netherlands five years ago. It has now spread to a handful of other countries, including Sweden. Behind the ranking, which gain strong media attention, are Swedish customers, Amnesty International, Fair Trade Center, Nature Conservation and aid organization Diakonia. The guide looks at how well banks comply with international conventions, codes and standards for sustainability and social responsibility. While SEB led by a good margin, no bank in Sweden was rated particularly well.

“We work in a structured way to integrate sustainability into the business and to become even more transparent. Work continues unabated,” says Widebäck West.

The Sustainability Yearbook has been published since 2004 and is based on a comprehensive evaluation of corporate sustainability efforts. Results from the latest Global 100 ranking – where SEB is included for the first time – are presented Thursday at the World Economic Forum in Davos.