Seb

SEB, headquartered in SE and operating within the Insurance and pension funding services sector, is actively engaged in climate action.

Carbon Emissions:

For the year 2025, SEB reported total greenhouse gas emissions of approximately 36.1 billion kg CO2e. This figure encompasses:

• Scope 1 emissions: Approximately 658,000 kg CO2e.
• Scope 2 emissions (market-based): Approximately 3.2 billion kg CO2e.
• Scope 3 emissions: Approximately 36.1 billion kg CO2e, with a significant portion attributed to investments (approximately 36 billion kg CO2e).

In 2024, SEB's total emissions were approximately 36.5 billion kg CO2e, comprising Scope 1 at around 695,000 kg CO2e, Scope 2 (market-based) at approximately 3.1 billion kg CO2e, and Scope 3 at approximately 36.5 billion kg CO2e, again with investments being the largest contributor (approximately 36.5 billion kg CO2e).

Climate Commitments and Reduction Targets:

SEB has set ambitious targets to reduce its carbon footprint:

• Net Zero by 2050: SEB is committed to achieving net zero greenhouse gas emissions by 2050 at the latest.
• Absolute CO2 Reduction: The organisation aims for a 66% reduction in absolute CO2 emissions by 2025 and a 75% reduction by 2030, both compared to a 2008 baseline year.
• Power Generation Intensity: SEB has a target to reduce power generation emission intensity by 43% compared to a 2020 baseline by 2030.
• Fossil Fuel Exposure: SEB is actively tracking progress in reducing its fossil fuel exposure and increasing its positive environmental impact through sustainable lending, advice, and investments.

While some historical targets relate to energy consumption reduction for production sites and electrical products, the primary focus for SEB's current climate strategy lies in absolute emission reductions and achieving net zero.