Editing SEB Group (section)

== Sustainability ==
SEB signed the UN Global Compact 2004 and has since then committed to several global initiatives and international codes of conduct. Among them are the UN Universal Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights, the UNEP FI Principles for Responsible Banking, the Net-Zero Banking Alliance, the Principles for Responsible Investments and Net Zero Asset Managers initiative.<ref>{{Cite web |title=Our commitments |url=https://sebgroup.com/sustainability/our-ways/our-commitments |access-date=2022-06-09 |website=sebgroup.com |language=en-GB}}</ref>

SEB has developed ten sector policies for agriculture, arms & defence, forestry, fossil fuel, gambling, mining & metals, renewable energy, shipping, tobacco and transportation. In addition, the company has thematic policies on environment (including climate change, freshwater and biodiversity) and social and human rights.<ref>{{Cite web |title=Our sustainability policies |url=https://sebgroup.com/sustainability/our-ways/policies |access-date=2022-06-09 |website=sebgroup.com |language=en-GB}}</ref> In addition to having developed the green bond concept together with the World Bank in 2007 and 2008, SEB was in 2014 also part of the creation of Green Bond Principles.<ref>{{Cite web |title=Joint Press Release |url=https://www.ca-cib.com/sites/default/files/2017-03/2014-01-13-cp-cacib-green-bond-principles-en-final.pdf}}</ref> This is partially in line with modern Swedish ideas of focus on reducing climate change.

In 2009 SEB published its first sustainability report in line with [[Global Reporting Initiative]] (GRI) guidelines.&nbsp; Since 2017 the sustainability report is integrated in the Annual Report and is aligned with reporting frameworks such as Task Force on Climate-Related Financial Disclosures, TCFD and the Principles for Responsible Banking.<ref>{{Cite web |title=Sustainability reporting |url=https://sebgroup.com/sustainability/our-impact/sustainability-reporting |access-date=2022-06-09 |website=sebgroup.com |language=en-GB}}</ref><ref>{{Cite web |title=Annual and Sustainability Report 2021 |url=https://webapp.sebgroup.com/mb/mblib.nsf/alldocsbyunid/44DC29E047E8FABDC12587F7002A8F15/$FILE/annual_report_2021.pdf}}</ref> Unlike many banks, SEB is rarely in controversy in relation to its climate policy, in contrast to larger financial institutions like JPMorgan Chase, Goldman Sachs and Credit Suisse.<ref>{{Cite web |title=The Role of Banking in Climate Change |url=https://www.whistleblowers.org/the-role-of-banking-in-climate-change/ |access-date=2023-10-28 |website=National Whistleblower Center |language=en-US}}</ref>