Q4 2023 Financial Update
Strategy and sustainability
The Brown: Carbon Exposure Index to reduce our fossil fuel credit exposure
61
Goal to reduce our fossil fuel credit exposure in energy portfolio by 45-60% by 2030
SEB fossil fuel credit exposure
2019-100
EUR 11.6bn
lea
Net Zero - World - without CCUS 1
>30% decrease
>70% decrease
Change
2030 vs 2019
Index = 61
(-39%)
Q4 2023
-45% to -60%
reduction
NGFS Divergent Net Zero - Europe - Remind
SEB Energy fossil fuel credit exposure corridor
Power
Generation
Oil & Gas
Upstream related
Oil & Gas
Refining and distribution
Credit
exposure
2019 Q4
2023 Q4
EUR 11.6bn
EUR 7.1bn
4.8%
2.6%
SEB
2019
2025
2030
2035
2040
2045
2050
Share of
credit portfolio
Note: 1.5-degree scenarios applied developed by the International Energy Agency as well as the Network of Central Banks and Supervisors for Greening the Financial System.
1 CCUS abbreviation for "Carbon Capture Usage and Storage".View entire presentation