Our commitments consist of the various sustainability-linked international agreements and frameworks we adhere to and support. These reflect our determination to conduct responsible banking, manage risks and support a sustainable development in general.
We support the following international codes and agreements:
The Paris Agreement
An agreement between governments to limit global warming to well below 2 degrees, compared to pre-industrial levels. SEB is committed since 2015.
UN Sustainable Development Goals
17 globally agreed goals for 2030 agreed on by governments, the private sector and civil society to achieve a sustainable development for our planet. SEB is committed since 2015.
Universal Declaration of Human Rights
An expression by all governments in the United Nations of the rights and freedoms everyone is entitled to. SEB is committed since 2008.
UN Guiding Principles on Business and Human Rights
A set of guidelines for states and companies to prevent, address and remedy human rights abuses committed in business operations. SEB is committed since 2013.
The ILO Core Conventions on Labour Standards
Principles and rights at work that are considered fundamental for the world of work and should be prioritized for ratification into national laws. SEB is committed since 2014.
The Children's Rights and Business Principles
Principles to guide companies on actions they can take in the workplace, marketplace and community to respect and support children's rights. SEB is committed since 2014.
OECD Guidelines for Multinational Enterprises
Recommendations regarding responsible business conduct, addressed by governments to multinational enterprises operating in or from adhering countries. SEB is committed since 2000.
SEB has joined or publicly endorsed
UN Global Compact
A framework for corporates to implement universal sustainability principles in the areas of human rights, labour rights, environment and anti-corruption. Adopted by SEB in 2004.
UNEP FI – Principles for Responsible Banking
The Principles for Responsible Banking is a strategic sustainability framework for banking to enable a positive contribution to society by integrating the Paris Climate Agreement and SDGs in objectives and business processes. Signed by SEB in 2019.
Net Zero Banking Alliance
This industry-led, UN-convened initiative brings together over 45 banks from 23 countries committed to aligning their lending and investment portfolios with net-zero emissions by 2050. Signed by SEB 2021.
Task Force on Climate Related Financial Disclosure (TCFD)
This is an industry-led initiative created to develop a set of recommendations for voluntary climate-related financial disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. Signed by SEB in 2018.
UN supported Principles for Responsible Investments (PRI)
The Principles for Responsible Investments offer a menu of possible actions for incorporating ESG issues into investment practice, in order to better align investors with broader objectives of society. Signed by SEB in 2008.
Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. Primarily intended to provide a minimum standard for due diligence and monitoring. Adopted by SEB in 2007.
The Poseidon Principles
The Poseidon Principles is a global framework for responsible ship finance. The principles are consistent with the policies and ambitions of the International Maritime Organization, a UN agency responsible for regulating shipping globally. They aim to support the shipping industry’s transition towards a greener future. Signed by SEB in 2020.
Responsible Ship Recycling Standards
Responsible Ship Recycling Standards is a joint bank initiative for ensuring environmentally and socially responsible dismantling and recycling of ships. Signed by SEB in 2021.