SEB and the UN Sustainable Development Goals
As a bank, SEB has an important role to play in contributing to reach the UN Sustainable Development Goals (SDGs) and in closing the existing investment gap. Our main contribution is by supporting our customers in their transition, to steer financial flows towards sustainable purposes, such as green investments. We help them identify environmental, social and governance-related risks and opportunities and enable them to find solutions to their challenges.For our own business, we have, by signing the Principles for Responsible Banking, committed to aligning our business strategy to the SDGs. We have identified and prioritised five of the goals are that are clearly linked to our business strategy and sustainability work, and where we have a great opportunity to make an impact. They are related to the bank’s strong heritage of creating long-term growth and innovation as well as maintaining responsibility and international outlook.
Climate action is addressed throughout our business, from our long history and pioneering role in green financing, to the more recent work on classifying our corporate customers’ climate impact. In our investments we take a restrictive approach to companies engaged in fossil fuels.
Decent work and economic growth
Through our business we drive economic development and contribute to creating new jobs and growth in society, for example by supporting entrepreneurs. Our microfinance funds give individuals and companies access to capital and financial services.
Industry, innovation and infrastructure
Through our history of maintaining long-term relationships with industrial companies we contribute to strengthened infrastructure and enable technological advancements. We cherish the innovation capacity in society. In 2020, we established SEB Greentech to support Nordic companies in the green technology sector.
Peace, justice and strong institutions
We work to reduce corruption and bribery in all their forms. We protect our business and are committed to preventing money laundering, cybercrime, sabotage, intrusion attempts and financing of terrorism.
Through the Financial Equality initiative, SEB and the think tank Ownershift shed light on women's ownership and on the fact that women in Sweden own only 15 per cent of private land and 33 per cent of privately owned equity shares. SEB is also working to increase the gender balance in SEB's senior management.
In addition, we offer products and services that contribute to all the SDGs. Among the examples are:
- The SEB Impact Metric Tool, a quantitative analysis tool that measures sustainability in equity portfolios. It assesses – among other things – positive and negative impacts with respect to the SDGs. Investors can thereby find investment opportunities and identify risks related to SDGs. Read more.
- Lyxor SEB Impact Fund invests in companies that contribute to solving future global challenges. The companies operate in five areas linked to the areas of sustainable energy, water supply, food and agriculture, resource efficiency and social development, where many of SDGs are included. At year-end 2020, the fund had SEK 2.1bn in assets under management.