Our sustainability work and fossil fuels explained
We want to explain the bank's sustainability strategy, role in the transition, and climate goals. Our fossil fuel exposure is decreasing, while sustainable activities are growing.
Our strategy for sustainability
SEB wants to be a leading catalyst in the sustainability transition. As a bank, we have the power, opportunity and responsibility to impact the world we operate in. We are committed to partnering with our customers in their transition to more sustainable business models and help society achieve net-zero emissions by 2050.
SEB’s sustainability strategy outlines our role in the transition towards a sustainable society. It is part of SEB’s business plan for 2022–2024 and a cornerstone of SEB’s 2030 Strategy. As a signatory of the UN initiative Principles for Responsible Banking, we have committed to continuously adapt our business strategy to align and contribute to the UN Sustainable Development Goals and the Paris Agreement.
We have committed to important international undertakings, such as the Net-Zero Banking Alliance, the Net Zero Asset Managers initiative and the Poseidon Principles.
Sustainability is a key part of SEB's business plan. Through innovative and sustainable financing, advice and investment products we enable our customers to make the choices that support their transition to a low-carbon society. International commitments, a sustainability policy framework, clear governance combined with employee commitment and knowledge aim to ensure that sustainability is integrated throughout the bank, and that we can provide the best service to our customers.
Our role in the transition
On the path to becoming a leading catalyst in the sustainable transition, we focus on:
- Providing transition advice, financing and investments
We partner with our customers on the path to a low carbon and circular society. Through deep insights, responsible advice and capital we help them to reach their targets. - Innovating and setting standards
We share our knowledge, develop innovative products and services, and engage in setting standards for how the financial industry can contribute to a more sustainable and inclusive society. - Transforming our business
Based on solid governance, we continuously develop our policies and goals and enhance our employees’ competence to ensure our credit and investment portfolios support the transition. - Acting as a responsible corporate citizen
We engage in society and take an active part in positively shaping the future. In line with our long tradition, we encourage sustainable entrepreneurship and promote financial inclusion.
Ambitions and goals
As an important part of SEB's sustainability strategy, our ambitions and goals set out a path to reduce our fossil credit exposure and at the same time set growth ambitions for our sustainable products, advisory services and investments.
Net-Zero Banking Alliance Transition Plan
The Transition Plan outlines our strategy and approach to achieving a credit portfolio with net zero emissions by 2050 or earlier. This plan details our interim targets, our methods for engaging with clients on their transition journeys, and how we integrate climate considerations into our business operations to drive the transition to a low-carbon society.
Contact us
SEB's sustainability experts have extensive knowledge in areas such as climate and financing solutions, sustainable investments and regulatory development in the European Union.