Seb

SEB, an insurance and pension funding services provider headquartered in SE, reported total emissions of approximately 36.06 billion kg CO2e in 2025. This figure comprises 658,000 kg CO2e from Scope 1, 3.245 million kg CO2e from Scope 2 (market-based), and approximately 36.058 billion kg CO2e from Scope 3 emissions. A significant portion of Scope 3 emissions, approximately 36.048 billion kg CO2e, was attributed to investments. In the preceding year, 2024, their total emissions were approximately 36.497 billion kg CO2e, with Scope 1 at 695,000 kg CO2e, Scope 2 (market-based) at 3.139 million kg CO2e, and Scope 3 at approximately 36.493 billion kg CO2e, with investments making up approximately 36.482 billion kg CO2e.

SEB has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions by 2050 at the latest. To reach this long-term goal, the company has established several near-term absolute CO2 emission reduction targets:

• A 66% reduction by 2025 compared to a 2008 baseline. This target applies to both Scope 1 and Scope 2 emissions individually, and to all scopes combined.
• A 75% reduction by 2030 compared to a 2008 baseline. This target also applies to both Scope 1 and Scope 2 emissions individually, and to all scopes combined.

Additionally, SEB has set a power generation emission intensity reduction target of 43% by 2030, compared to a 2020 baseline for Scope 1. The company has also outlined a commitment to carbon neutrality by 2050, which includes reducing and offsetting 100% of remaining carbon emissions. To monitor progress, SEB has developed proprietary metrics: the Carbon Exposure Index and the Sustainable Activity Index, which track fossil fuel exposure and environmental impact from sustainable lending, advice, and investments.