Skandinaviska Enskilda Banken AB (publ)

Skandinaviska Enskilda Banken AB (publ)'s reported carbon emissions

In 2023, Skandinaviska Enskilda Banken AB (publ) reported total carbon emissions of approximately 13,251,000 kg CO2e. This figure includes Scope 1 emissions of 796,000 kg CO2e, Scope 2 emissions of 777,000 kg CO2e, and Scope 3 emissions of approximately 11,678,000 kg CO2e. The bank has set ambitious climate commitments, aiming for net zero greenhouse gas emissions by 2040, as part of the Net Zero Asset Managers initiative. SEB has established specific reduction targets, including a 66% reduction in absolute CO2 emissions by 2025 and a 75% reduction by 2030, both compared to a 2008 baseline. Additionally, the bank aims to achieve close to zero emissions by 2045. For Scope 1 emissions, SEB targets a 43% reduction in power generation emission intensity by 2030, while for Scope 3 emissions related to car manufacturing, a 60% reduction in intensity is targeted by 2030. These commitments reflect SEB's proactive approach to addressing climate change and its alignment with the Paris Agreement. The bank is not only focused on reducing its own emissions but also on enhancing its sustainable lending and investment practices to support broader environmental goals.