Strategy 2030: Investments to Future-Proof SEB
10
Setting 2030 targets in alignment with Net-Zero
Banking Alliance
UN
environment
programme
finance
initiative
The 2030 sector targets are part of SEB's commitment to the Net Zero Banking Alliance, which SEB formed in 2021 together with
42 other banks in order to accelerate the transition of the global economy to net zero emissions by 2050 at the latest.
As part of the initiative, SEB has committed to align operational and attributable emissions from its credit portfolio with pathways to
net-zero by 2050 or sooner, and to set interim targets for 2030.
SEB targets
Sector
Emissions scope 1
Credit exposure4
Metric
2020 baseline
2030 target
A 2020-2030
Oil and gas: E&P 2 and refining
1, 2, 3
SEK 43.6bn
Power generation
1,2
SEK 94.5bn
mtCO2e3
g CO₂e/kWh
18.4
8.3
-55%
123
70
-43%
Steel
1,2
SEK 10.9bn
tCO2e/t steel
1.40
0.98
-30%
Car manufacturing
3
SEK 17.5bn
Swedish household mortgages
1,2
SEK 510.6bn
g CO₂e/km
kg CO₂e/m2
153
61
-60%
3.12
2.18
-30%
Total credit exposure 4
SEK 677.2bn
1 Scope 1 =
direct emissions from own sources, scope 2 = indirect emissions from purchased energy, scope 3 = use of sold products. 2 Exploration and production. ³ Financed emissions.
4 Total credit exposure includes on- and off-balance. Further information regarding SEB's Net-Zero Banking Alliance targets is available on www.sebgroup.com
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