20 Oct 2010 14:17

SEB among Nordic Top 5 companies in performing actions against climate change

SEB is one of the five companies in the Nordic countries which performes best against climate change, according to CDP, the Carbon Disclosure Project's annual reporting.

SEB achieves the A rating in CDP's new index CPLI measuring companies' actions reducing carbon dioxid emissions and climate change. SEB is also ranked number 12 in the index CDLI, covering 200 companies, regarding companies' measuring and reporting of carbon dioxid emissions. SEB is the only service company in the Top 20.

"We have high ambitions for our sustainability efforts. It is therefore gratifying that the CDP has recognised that our work is on track. However, there is much left to do. The process of integrating sustainability into our business is a job that really never ends," says Bo Magnusson, SEB's Executive Vice President and Chairman of the bank's Sustainability Committee.

To develop strategies to address climate change is one of the bank's business priorities and includes both SEB's direct and indirect impact on the environment. Since 2009, SEB has a target to reduce carbon dioxide emissions from its own operations by 45 per cent, compared to 2008, by 2015. SEB is also a climate compensated company under the Kyoto Protocol.

"Last year we have worked to identify sustainability risks and opportunities in our business. We put great focus on developing sector policies and group-wide position statements that will guide our business decisions in various sectors in the future," says Cecilia Widebäck West, Head of SEB Corporate Sustainability.

As part of SEB's efforts to raise awareness of sustainability and to improve knolwedge of SEB's and others' activities, SEB also developed a web-based forum (www.sebgroup.com/Sustainable Perspectives). The Carbon Disclosure Project (CDP) is the world's largest survey of large companies' ambitions on climate change. For the past 10 years, CDP has reported on companies' greenhouse gas emissions and strategies to prevent climate change. Nearly 3,000 companies in 60 countries responded to this year's survey. At a meeting in Stockholm on Wednesday the Nordic Report, which includes the 200 largest listed companies in the Nordic countries, was presented.

For further information, please contact
Cecilia Widebäck West, Head of Corporate Sustainability SEB
+46-8-7638255, +46-70-7638255

Press contact
Ola Kallemur, Group Press Officer SEB
+46-8-7639947, +46-76-3975466

SEB is a leading Nordic financial services group. As a relationship bank, SEB in Sweden and the Baltic countries offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in 20 countries worldwide. On 30 June 2010, the Group's total assets amounted to SEK 2,318bn while its assets under management totalled SEK 1,328bn. The Group has about 20,000 employees. Read more about SEB at www.sebgroup.com.