SEB has published its Annual and Sustainability Report for 2022, including a digital version. The report includes financial statements, an overall summary of the year, and an update on SEB's 2030 Strategy and related three-year business plan. In the Sustainability Report, SEB provides an update on the progress made on its climate ambitions and goals as well as information about the net-zero aligned 2030 sector targets the bank set last year.
Looking back at 2022,
In a conversation between
Looking ahead, "the uncertainty is significant," says
"I think 2023 will be a hiatus year for many customers" says Johan Torgeby. "We want SEB to come out of the year stronger than we started, so that we can maintain our long-term focus on supporting our customers - households and businesses - through thick and thin. That is also how we will continue creating value for our shareholders and for society at large."
2030 Strategy and business plan 2022-2024
Despite the changes in the macro environment, SEB's long-term ambitions remain. SEB's 2030 Strategy sets the direction to develop the bank in key areas. The three-year business plan, which is updated annually, ensures the right prioritisations for the coming years, and enables SEB to meet its customers' needs while maintaining its financial strength in a rapidly changing world.
During 2022, work on a number of initiatives went ahead at full speed within the four focus areas: acceleration of efforts, strategic change, strategic partnerships, and efficiency improvement. In the Annual Report, SEB gives an update on prioritized initiatives as well as the progress made during 2022.
Sustainability
In the Sustainability Report, SEB provides an update on the progress made on the ambitions and goals the bank set within the climate area in 2021.
These include the Carbon Exposure Index (The Brown), where the goal is to reduce the fossil fuel credit exposure within SEB's energy portfolio by 45-60 per cent by 2030 compared with a 2019 baseline. At the end of 2022, this metric had decreased by 17 per cent compared with 2019, which is in line with the 2030 trajectory. SEB also has a Sustainability Activity Index (The Green), which measures the ambition to increase sustainability activity within four areas by 6-8 times by 2030 compared with a 2021 baseline. At the end of 2022, this metric had increased by 59 per cent compared with 2021.
In 2022, SEB also set net-zero aligned 2030 interim targets for specific sectors in its credit portfolio as part of its commitment to the
The Annual and Sustainability Report is available at sebgroup.com/annualreport. SEB has also published the Report on Capital Adequacy and Risk Management and the report on the Principles of Responsible Banking.
This disclosure contains information that SEB is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on
For further information, contact:
+46 70 462 2111
pawel.wyszynski@seb.se
Press contact:
+46 70 763 8243
niklas.x.magnusson@seb.se
SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In
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