SEB Investment Management
SEB Investment Management is a Nordic asset management firm with offices across 23 countries in Europe, Asia, and the United States. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 May 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
50% of total AUM (USD $62.5 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Target(s):
Portfolio decarbonisation reference target
50% reduction in CO2e by 2025
Portfolio decarbonisation reference target
75% reduction in CO2e by 2030
GHG scopes included:
Scope 1 & 2 (which currently is available for approximately 80% of AUM). Scope 3 is currently included for utilities.
Methodology:
Net Zero Asset Owner Alliance Target Setting Protocol
Scenario(s):
Sustainable Development Scenario (SDS)
Additional information
Proportion of AUM committed:
Only internal funds are included in the initial proportion of AUM to be managed in line with net zero: Listed equities; corporate bonds and real estate. Mandates are excluded.
SEB is delivering its targets in line with the commitment by engaging with companies, increasing green investments, and including Scope 3 in the SDS transition pathway.
Policy on coal and other fossil fuel investments:
SEB’s policy is applicable to 100% of internally managed funds. The policy is available at Climate_statement_ eng_latest.pdf (sebgroup.com)