Arctic: SEB - Q2e: Still lacking in estimate momentum

Research evidence excerpt

Arctic: SEB - Q2e: Still lacking in estimate momentum

Taxonomy Sustainalytics’ Disclosed ESGESG Profile – SEB eligible ESG risk rating* 23.8 targets activities ✓ ✓

*0-100 where 0 is best

ESG snapshot and disclosure KEY ESG RISKS

• SEB is in a decent position with regard to ESG, though as Key risks Potential risk mitigators

a mainly corporate bank with operations across many SEB is working to transition its portfolio towards more “green” financing and has set

geographies it is more exposed to risks both from a clear targets in that regard. The targets focus on the areas where the bank can achieve Environmental sustainability as well as social and governance the greatest positive impact, and include the oil & gas, power generation, steel, car

perspective. SEB has an AA MSCI ESG rating. manufacturing and the Swedish household mortgage sector.

• Link to sustainability reports SEB has set clear targets here and measures itself and reports according to “The Brown”

(Carbon Exposure Index), “The Green” (Sustainability Activity Index) and “The Future” Transition (Transition ratio). SEB has set targets to reduce carbon exposure by 45-60% by 2030

compared to 2019

A Financial Crime Prevention unit was established in 2021 to centralize and strengthen

EU taxonomy alignment Regulatory/social efforts to prevent money laundering and other forms of financial crime. Mandatory

training is set for employees on AML and sustainability/climate change

• UN Global Compact, UNEP FI Principles for Responsible SELECTED ESG METRICS AND TARGETS

Banking (PRB), Net-Zero Banking Alliance (NZBA), The

Task Force on Climate Related Financial Disclosure ESG metric Unit 2019 2020 2021 2022 2023 Target

(TCFD), The Net Zero Asset Managers initiative, The GHG emissions, scope 1 tCO2e 4 1 121 862 796