Energy lies at the heart of the success of nations. The ability to provide ample, flexible, and cheap energy has fuelled the creation of industry, jobs, tax income and welfare across our home markets.
At the same time, energy production is also the largest source of greenhouse gas emissions, making it a significant challenge in limiting global warming. In the coming decades, the goal is to completely transform the energy systems we’ve collectively spent hundreds of years building. A transition that will permanently redraw the supply and demand landscape.
Since 1856, we at SEB has facilitated societal shifts, from electrification to digitisation.
Today, sustainability is at the core of our efforts. As one of the largest project finance banks in the Nordics we support our clients' transition to more sustainable business models. We believe this is the best way to have a positive impact on climate change.
Our goal is to support our clients in a resilient and orderly transition to a low-carbon economy, ensuring the security of supply, social welfare, and energy security in all our markets. Our offering includes:
The target, set in 2022, is to reduce the financed emission intensity to 70 g CO2e/kWh by 2030, a reduction of 44 per cent, compared with a 2020 baseline. As per year-end 2022, the financed emission intensity was 95 g CO2e/kWh, a reduction of 24 per cent.
The target*, set in 2022, is to reduce absolute financed emissions to 5.6 million tonnes CO2e by 2030, a 70 per cent reduction compared with a 2020 baseline. As per year-end 2022, the absolute financed emissions were 7.3 million tonnes CO2e, a reduction of 61 per cent.
* In 2023, SEB revised its target for the oil and gas sector and we now strive for a reduction of in absolute financed emissions of 70 per cent by 2030, compared with 55 per cent previously.
In an exclusive interview, Atle Røren, Global Head of Energy Coverage at SEB, engages with Jarand Rystad, Founder and CEO of Rystad Energy, to explore the key trends, challenges, and innovations in the energy sector. Together, they will discuss how emerging technologies, and strategic policies can facilitate and create a sustainable energy landscape.
“Energy banking is, fundamentally, about societal progress and economic growth. The ongoing transition echoes in every business, and every society.” Read the full interview with Atle Røren Head of Energy Coverage and Joel Skagerberg Head of Project & Infrastructure Finance at SEB.
The latest issue of SEB’s Sustainable Finance Outlook focuses on the key role that battery energy storage plays in overcoming Europe’s energy challenges.
There is a great need for new infrastructure in several areas, and now there is also growing interest in so-called public-private partnerships (PPPs).
We met with our finance experts to discuss the key priorities they see shaping the current energy landscape, informed by market developments, regulatory frameworks, and evolving financing needs. Below are their main takeaways.
Our energy team provides tailored advice and financing to companies throughout their energy transition, optimising capital structures and supporting long-term growth. We are active across the full energy spectrum–generation, distribution, and consumption–supporting renewable energy projects, efficient integration into energy systems, and energy efficiency initiatives for end users
The investment in the German company Esforin highlights the opportunity of flexibility in the energy transition. With new capital, Esforin can scale up their flexibility services to reach more customers, ensure grid stability, lower energy costs, increase the use of renewable energy sources, and overall reduce the carbon footprint.
Meva Energy produces local, cost-efficient renewable gas and power for the manufacturing industry. With SEB as an advising partner, the company secured investment to continue their mission towards a fossil fuel-free industry, where no resources are wasted.
Renewable energy company Sunly is on a mission. By taking a holistic approach to its operations – stretching all the way from building solar and wind power to developing inventive energy storage solutions – Sunly strives to give renewables a major push in its home markets.
Our Energy Team, including Energy Coverage and Project & Infrastructure Finance, consists of experienced energy bankers who understand the full scope of the energy transition and its challenges. We are organised by products and geographies to best meet the needs of our Large Corporate and Financial Institution clients.
Reach out to our Energy Team via our local home market pages