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BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses
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Standard Chartered’s 2022 AGM dominated by shareholder alarm over fossil financing
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Cambo oil field "paused" following pressure on Shell & banks
2021-12-16 13:04:42
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Locked out of a Just Transition: fossil fuel financing in Africa
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Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
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Skandinaviska Enskilda Banken (SEB)Sweden
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Created before Nov 2016
Last update: 2021-12-02 14:58:44

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SEB head offices in Stockholm. Photo: Magman100 via Wikimedia (CC BY-SA 3.0)

About Skandinaviska Enskilda Banken (SEB)

Skandinaviska Enskilda Banken AB (SEB) is a Swedish bank, focussed on corporate and private banking. It describes itself as the leading corporate and investment bank in the Nordic countries, serving some four million customers. The bank was founded by and is controlled by the Swedish Wallenberg family through their investment company Investor AB. SEB offers a wide range of financial services in Sweden and the Baltic countries. In Denmark, Finland, Norway, Germany and United Kingdom the bank's operations focus on corporate and investment banking.

Website https://sebgroup.com/
Headquarters
Kungsträdgårdsgatan 8
SE 106-40 Stockholm
Sweden
CEO/chair Johan Torgeby
CEO
Supervisor
Riksbank
Annual report Annual integrated report 2020
Ownership
listed on OMX AB

Investor AB owns 20.8%. SEB's complete shareholder structure can be viewed here.

Complaints and grievances

SEB states in its Human rights policy: "Human Rights grievances related to SEB’s business activities and operations can be reported through SEB’s whistleblowing process
(
whistleblowing@seb.se), open also to third parties, including but not limited to affected communities."

Related Dodgy Deals

Skandinaviska Enskilda Banken (SEB) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

All
|
Projects
|
Companies
Targets
|
Active profiles
|
On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Skandinaviska Enskilda Banken (SEB)
2021-08-31
SWE
2020
4
4
100
1.01000000005E+38
0
Sweden
Profile
Reporting period
2020
PF deals under EP
4
Project names reported
4
% Project names reported
100
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-skandinaviska-enskilda-banken-ab-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
blog
external news
our news

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
blog
external news
our news

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
blog
external news
our news

Swedish banks contribute to Amazon deforestation

2021-09-21 | Fair Finance Guide Sweden
blog
external news
our news

Svenska banker på lista över investerare som gynnar militären i Myanmar

2021-05-27 | Dagens Nyheter
blog
external news
our news

New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
blog
external news
our news

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
blog
external news
our news

As Nordic banks aim to go greener, lending lags asset management pledges

2021-04-20 | S&P Global
blog
external news
our news

Annual General Meeting SEB: how close is Sweden’s biggest fossil fuel financier to being Paris-aligned?

2021-03-30 | BankTrack
blog
external news
our news

Bankernas investeringar i fossilbolag

2021-02-03 | Studio Ett
blog
external news
our news

Bolund till bankerna: Stoppa fossil utlåning

Storbankerna måste snabbt stoppa finansieringen av projekt som är dåliga för klimatet, annars hotar lagstiftning. Det säger finansmarknadsminister Per Bolund (MP) till TT.
2021-02-02 | Aftonbladet
blog
external news
our news

Förbjud bankernas stöd till fossilbolagen

Bankernas finansiella verksamhet är en blind fläck i det svenska klimatarbetet. Trots Parisavtalet fortsätter svenska banker att låna ut hundratals miljarder kronor till bolag inom kol, olja och gas. Nu måste regeringen täppa till luckan i klimathandlingsplanen så att inte bankerna kan låna ut pengar till fossilbolag som inte vill eller kan ställa om, skriver Naturskyddsföreningen och Sveriges Konsumenter.
2021-02-02 | Expressen
blog
external news
our news

DNB, SEB and Nordea among biggest Scandinavian fossil fuel lenders

2021-02-02 | Environmental Finance
blog
external news
our news

SEB lånar ut miljarder till ”klimatvärstingar”

2021-02-01 | Expressen
blog
external news
our news

Nordic Banks Slow to Cut Lending to Fossil-Fuel Sector: Report

2021-02-01 | Bloomberg
blog
external news
our news

Kalla fakta del 2 - Bankens smutsiga hemlighet

2019 skriver SEB's vd under ett avtal gallande ansvarsfull bankverksamhet som amnar att pressa varldens ledare att stoppa klimathotet. Ett ar senare framkommer det att SEB fortsatt lana ut miljardbelopp till nagra av varldens storsta klimatbovar
2021-02-01 | Tv 4
blog
external news
our news

Storbankerna stänger dörren för fossilbolag: ”Kommer tacka nej till kunder”

Svenska storbanker inför hårdare klimatkrav för att finansiera fossilindustrin. Redan i år kommer SEB att börja fasa ut engagemang i kol-, gas- och oljesektorn, och Swedbank slutar helt med nyutlåning till okonventionell utvinning.
2021-02-01 | Dagens industry
blog
external news
our news

Scandinavian banks poured $67 billion into the fossil fuel industry since Paris

New report finds ongoing finance for coal, oil and gas companies, with little commitments to phase-out from fossil fuels
2021-02-01 | Nijmegen, Copenhagen, Oslo, Stockholm | BankTrack, ActionAid Denmark, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, Profundo
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
blog
external news
our news

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

Swedish banks linked to the war in Yemen

The seven largest banks in Sweden continue to finance and invest billions in companies involved in controversial arms exports, for example to countries participating in the Yemen conflict. This is shown in a follow-up report by Diakonia and the Fair Finance Guide.
2020-02-06 | Diakonia, Fair Finance Guide Sweden
blog
external news
our news

SEB signs UN Principles for Responsible Banking

2019-08-27 | SEB
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Retake on exclusion list for SEB’s funds

2017-06-16 | SEB
blog
external news
our news

SEB raises the sustainability level for all funds

2017-06-12 | SEB
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

Banks and pension funds fail to act on allegations against Lundin Petroleum

2017-04-27 | Fair Finance Guide Sweden, Swedwatch
blog
external news
our news

Scandinavian banks linked to violations of indigenous peoples’ rights in Borneo

2017-03-07 | Stockholm, Sweden | Fair Finance Guide Sweden, Swedwatch
blog
external news
our news

Swedish banks invest in controversial arms trade

2016-09-14 | Fair Finance Guide Sweden
blog
external news
our news

Swedish banks in breach of human rights guidelines

2015-06-17 | Stockholm | Amnesty International, Swedish Consumers’ Association, Fair Finance Guide
blog
external news
our news

Fair Finance Guide launches in Sweden

Swedish banks score poorly on sustainability
2015-01-23 | Stockholm | Fair Finance Guide
blog
external news
our news

BankTrack calls for strengthening of Green Bond Principles

Combatting climate change needs real commitments instead of loose guidelines - Banks must urgently curb fossil fuel financing
2014-04-14 | Nijmegen | BankTrack
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack

Documents

Type:
Year:
correspondence
2021-12-16 00:00:00

Letter from BankTrack to SEB on lithium mining in Serbia’s jadar valley

2021-12-16 00:00:00 | BankTrack
csr policies
2021-07-14 00:00:00

Sector policy on mining and metals

2021-07-14 00:00:00 | SEB
other documents
2021-06-24 00:00:00

Guidance on Biodiversity Target Setting for PRB signatories

2021-06-24 00:00:00 | UNEPFI
csr policies
2021-05-18 00:00:00

Corporate social responsibility policy

2021-05-18 00:00:00 | SEB
other documents
2021-04-21 00:00:00

Commitment statement Net Zero Banking Alliance

2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking
annual reports
2021-03-30 00:00:00

Annual integrated report 2020

2021-03-30 00:00:00 | SEB
csr policies
2021-02-23 00:00:00

Sector Policy on Fossil Fuels

2021-02-23 00:00:00 | SEB
our publications
2021-02-01 00:00:00

Banking on Thin Ice

Exposing Scandinavian Bank Finance for Fossil Fuels
2021-02-01 00:00:00 | BankTrack, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS, ActionAid Denmark
annual reports
2020-07-01 00:00:00

Annual report 2019

2020-07-01 00:00:00 | SEB
annual reports
2020-07-01 00:00:00

CSR report 2019

2020-07-01 00:00:00 | SEB
annual reports
2019-06-30 00:00:00

Annual report 2018

2019-06-30 00:00:00 | SEB
annual reports
2019-06-30 00:00:00

CSR report 2018

Pages from Annual Report, p. 67–73
2019-06-30 00:00:00 | SEB
csr policies
2019-06-13 00:00:00

Tax Policy

2019-06-13 00:00:00 | SEB
other documents
2019-05-20 00:00:00

Troika Laundromat

Overview of financial institutions involved in the Troika Laundromat scheme
2019-05-20 00:00:00 | Organised Crime and Corruption Project (OCCRP)
bank documents
2018-12-31 00:00:00

Sustainability Fact Book and GRI Index

2018-12-31 00:00:00 | SEB
csr policies
2018-11-15 00:00:00

Environmental policy

2018-11-15 00:00:00 | SEB
csr policies
2018-11-15 00:00:00

Human rights policy

2018-11-15 00:00:00 | SEB
ngo documents
2018-11-07 00:00:00

Still Undermining Our Future?!

A case study for Fair Finance Guide International of Swedish financial institutions
2018-11-07 00:00:00 | Profundo
ngo documents
2018-09-30 00:00:00

Still Irresponsible Investments

A study of Swedish banks' investments in companies linked to human rights abuses
2018-09-30 00:00:00 | FFG Sweden, Amnesty International
annual reports
2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | SEB
annual reports
2018-03-31 00:00:00

Sustainability report 2017

2018-03-31 00:00:00 | SEB
csr policies
2017-12-05 00:00:00

Code of Conduct

2017-12-05 00:00:00 | SEB
annual reports
2017-06-30 00:00:00

Sustainability report 2016

2017-06-30 00:00:00 | SEB
annual reports
2017-06-30 00:00:00

Annual report 2016

2017-06-30 00:00:00 | SEB
ngo documents
2017-05-30 00:00:00

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
annual reports
2016-03-01 00:00:00

Annual report 2015

2016-03-01 00:00:00 | SEB
annual reports
2016-03-01 00:00:00

Sustainability report 2015

2016-03-01 00:00:00 | SEB
csr policies
2015-12-16 00:00:00

Ethics policy

2015-12-16 00:00:00 | SEB
csr policies
2015-11-25 00:00:00

Climate Change Position Statement

2015-11-25 00:00:00 | SEB
ngo documents
2015-06-30 00:00:00

Irresponsible Investments

A study of Swedish banks' investments in companies linked to human rights abuses
2015-06-30 00:00:00 | FFG Sweden, Amnesty International
annual reports
2015-04-07 00:00:00

Annual Report 2014

2015-04-07 00:00:00 | SEB
annual reports
2015-04-07 00:00:00

Sustainability Report 2014

2015-04-07 00:00:00 | SEB
csr policies
2015-04-07 00:00:00

Sector policy for Arms and Defence

2015-04-07 00:00:00 | SEB
correspondence
2014-04-09 00:00:00

Letter from BankTrack to signatory banks on Green Bond Principles

2014-04-09 00:00:00 | BankTrack
annual reports
2014-04-07 00:00:00

Annual Report 2013

2014-04-07 00:00:00 | SEB
annual reports
2012-12-31 00:00:00

Annual Report 2012

2012-12-31 00:00:00 | SEB
annual reports
2012-12-31 00:00:00

Sustainability Report 2012

2012-12-31 00:00:00 | SEB
csr policies
2012-03-27 00:00:00

Forestry Policy

2012-03-27 00:00:00 | SEB
other documents
2011-10-19 00:00:00

2011 Global Investor Statement on Climate Change

2011-10-19 00:00:00 | IIGCC, INCR, IGCC, UNEP-FI, PRI
annual reports
2011-04-19 00:00:00

Annual report 2010

2011-04-19 00:00:00 | SEB
annual reports
2011-04-19 00:00:00

Sustainability report 2010

2011-04-19 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Position statement on Child labour

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Sector policy for Shipping

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Sector policy for Renewable Energy

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Sector policy for Forestry

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Position statement on Fresh Water

2011-02-11 00:00:00 | SEB
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
annual reports
2010-05-12 00:00:00

Annual report 2009

2010-05-12 00:00:00 | SEB
annual reports
2010-05-12 00:00:00

CSR report 2009

2010-05-12 00:00:00 | SEB
other documents
2008-10-31 00:00:00

SEB Equator Principles reporting

2008-10-31 00:00:00 | EP

Links

SEB sustainability pages

https://sebgroup.com/about-seb/sustainability

Fair Finance Guide Sverige

Fair Finance Guide Sweden

https://fairfinanceguide.se/banks/banker/seb/

EPN assessment of policies against 14 minimum criteria - SEB

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/skandinaviska-enskilda-banken-seb/

Policies

Voluntary standards

Skandinaviska Enskilda Banken (SEB) has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Green Bond Principles
  • Net-Zero Banking Alliance (NZBA)
  • OECD Guidelines for Multinational Enterprises
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Task Force on Climate-related Financial Disclosures
  • UNEP Finance Initiative
  • United Nations Global Compact
  • Universal Declaration of Human Rights

Investment policies

SEB's webpage on corporate social responsibility can be accessed here.

 

Year:
csr policies
2021-07-14 00:00:00

Sector policy on mining and metals

2021-07-14 00:00:00 | SEB
csr policies
2021-05-18 00:00:00

Corporate social responsibility policy

2021-05-18 00:00:00 | SEB
csr policies
2021-02-23 00:00:00

Sector Policy on Fossil Fuels

2021-02-23 00:00:00 | SEB
csr policies
2019-06-13 00:00:00

Tax Policy

2019-06-13 00:00:00 | SEB
csr policies
2018-11-15 00:00:00

Environmental policy

2018-11-15 00:00:00 | SEB
csr policies
2018-11-15 00:00:00

Human rights policy

2018-11-15 00:00:00 | SEB
csr policies
2017-12-05 00:00:00

Code of Conduct

2017-12-05 00:00:00 | SEB
csr policies
2015-12-16 00:00:00

Ethics policy

2015-12-16 00:00:00 | SEB
csr policies
2015-11-25 00:00:00

Climate Change Position Statement

2015-11-25 00:00:00 | SEB
csr policies
2015-04-07 00:00:00

Sector policy for Arms and Defence

2015-04-07 00:00:00 | SEB
csr policies
2012-03-27 00:00:00

Forestry Policy

2012-03-27 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Position statement on Child labour

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Sector policy for Shipping

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Sector policy for Renewable Energy

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Sector policy for Forestry

2011-02-11 00:00:00 | SEB
csr policies
2011-02-11 00:00:00

Position statement on Fresh Water

2011-02-11 00:00:00 | SEB

Equator Principles

Implementation and reporting

Skandinaviska Enskilda Banken (SEB) is reporting on the implementation here.

Contact and complaints

Good moves

Year:
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