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Skandinaviska Enskilda Banken (SEB)Sweden
Active
This profile is actively maintained
Last update: 2022-11-08 00:00:00
SEB head offices in Stockholm. Photo: Magman100 via Wikimedia (CC BY-SA 3.0)
Active
This profile is actively maintained
Last update: 2022-11-08 00:00:00
About
| Website | https://sebgroup.com/ |
| Headquarters |
Kungsträdgårdsgatan 8
SE 106-40 Stockholm
Sweden
|
| CEO/chair |
Johan Torgeby CEO |
| Supervisor | |
| Ownership |
listed on OMX AB
Investor AB owns 20.8%. SEB's complete shareholder structure can be viewed here. |
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.
Sustainability
Policies
Voluntary standards
SEB's webpage on corporate social responsibility can be accessed here.
Skandinaviska Enskilda Banken (SEB) has committed itself to the following voluntary standards:
Dodgy Deals
Skandinaviska Enskilda Banken (SEB) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Skandinaviska Enskilda Banken (SEB)'s link to these deals.
Projects / Companies
Finance type
Year
Campaigns
Banks and Climate
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of SEB’s fossil fuel policy below.
Tracking the Net Zero Banking Alliance
Skandinaviska Enskilda Banken (SEB) is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
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Accountability
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."
SEB is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates Skandinaviska Enskilda Banken (SEB)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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