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Skandinaviska Enskilda Banken AB (publ)
Skandinaviska Enskilda Banken AB (publ), commonly known as SEB, is a prominent financial institution headquartered in Sweden. Established in 1856, SEB has evolved into a leading provider of financial intermediation services, excluding insurance and pension funding, with a strong presence across the Nordic region and beyond.
The bank offers a diverse range of core products and services, including corporate banking, investment management, and retail banking, distinguished by its commitment to innovation and customer-centric solutions. SEB's strategic focus on sustainability and digital transformation has positioned it as a market leader, recognised for its robust financial performance and dedication to responsible banking practices. With a rich history and a forward-thinking approach, SEB continues to play a vital role in shaping the financial landscape in Europe.
+50 vs industry average
Skandinaviska Enskilda Banken AB (publ)’s score of 87 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Skandinaviska Enskilda Banken AB (publ)'s reported carbon emissions
Skandinaviska Enskilda Banken AB (publ) (SEB), headquartered in SE and operating in financial intermediation services, has reported its carbon emissions across various scopes and years.
For the 2025 reporting year, SEB reported approximately 10.4 million kg CO2e in Scope 1 and 2 emissions (market-based). Scope 3 emissions for 2025 were approximately 10.4 million kg CO2e, with business travel contributing about 7 million kg CO2e, purchased goods and services around 569,000 kg CO2e, waste generated in operations at approximately 206,000 kg CO2e, and fuel and energy-related activities at about 2.5 million kg CO2e.
In 2024, SEB's Scope 1 and 2 emissions (market-based) were approximately 3.8 million kg CO2e. Scope 3 emissions for 2024 amounted to approximately 13.2 million kg CO2e, with business travel accounting for about 7.9 million kg CO2e, purchased goods and services at approximately 479,000 kg CO2e, waste generated in operations at roughly 210,000 kg CO2e, and fuel and energy-related activities at approximately 2.4 million kg CO2e.
For 2023, total emissions were approximately 13.3 million kg CO2e. This comprised approximately 796,000 kg CO2e for Scope 1, 777,000 kg CO2e for Scope 2, and 11.7 million kg CO2e for Scope 3. Within Scope 3 for 2023, business travel was approximately 8.9 million kg CO2e, upstream leased assets were about 1.5 million kg CO2e, purchased goods and services were around 678,000 kg CO2e, waste generated in operations was approximately 20,000 kg CO2e, and fuel and energy-related activities were about 620,000 kg CO2e.
In 2022, total emissions were approximately 11.6 million kg CO2e, with Scope 1 at 862,000 kg CO2e, Scope 2 at 1.1 million kg CO2e, and Scope 3 at 9.7 million kg CO2e.
SEB has established significant climate commitments. The bank aims to achieve net zero emissions by 2050 at the latest. Furthermore, SEB Investment Management has joined the Net Zero Asset Managers initiative, committing to achieving net zero greenhouse gas emissions by 2040 and aligning all investments with the Paris Agreement. Milestones include reducing absolute CO2 emissions to close to zero by 2045, with interim targets of a 66% reduction by 2025 and a 75% reduction by 2030 compared to a 2008 baseline for Scope 1 and Scope 2 emissions. Specific targets include a 43% emission intensity reduction for power generation and a 60% emission intensity reduction for car manufacturing, both compared to a 2020 baseline, by 2030. SEB also aims for climate neutrality in 2021 through climate compensation.
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Skandinaviska Enskilda Banken AB (publ)’s Climate Goals (2030 & 2050)
10 goals2030
35% reduction in scope 3 total
Heavy vehicle manufacturing (% of zero emission vehicles, ZEV, in new sales) 35% 0.9%.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Skandinaviska Enskilda Banken AB (publ)
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