The UN Sustainable Development Goals (SDGs), formulated in 2015, form the framework for nations, businesses and societies on how to achieve long-term economic growth, social inclusion and environmental protection. The 17 SDGs define the main objectives which are broken down into 169 targets with the aim to identify concrete actions. The financial sector has a decisive role to play in closing the existing investment gap to reach the main objectives.
SEB’s main contribution to the SDGs is by supporting its customers in their transition. By signing the Principles for Responsible Banking, we have also committed to aligning our business strategy and contributing to the SDGs.
We have identified and prioritised five of the goals that are clearly linked to our business strategy and sustainability work, and where we have a great opportunity to make an impact. They are related to the bank’s strong heritage of creating long-term growth and innovation as well as maintaining responsibility and international outlook.
Climate action is addressed throughout our business, from our long history and pioneering role in green financing, to the more recent work on classifying our corporate customers’ climate impact. In our investments we take a restrictive approach to companies engaged in fossil fuels.
Industry, innovation and infrastructure
Through our history of maintaining long-term relationships with industrial companies we contribute to strengthened infrastructure and enable technological advancements. We cherish the innovation capacity in society. In 2018, we established the Innovation centre to support the development of innovative environment and help entrepreneurs reach their goals and ambitions by innovating.
We stand for equal opportunities for fulfilling of the growth potential. Only 32% of Latvian companies, which are customers of SEB, are founded by women. That’s why we emphasise women’s equality in the business environment and support various initiatives, such as the forum “Līdere” and programme for young women “Future Heroes”. SEB is also working to increase the gender balance in SEB's senior management.
Decent work and economic growth
Through our business we drive economic development and contribute to creating new jobs and growth in society, for example by supporting entrepreneurs. Our microfinance funds give individuals and companies access to capital and financial services.
Peace, justice and strong institutions
We work to reduce corruption and bribery in all their forms. We protect our business and are committed to preventing money laundering, cybercrime, sabotage, intrusion attempts and financing of terrorism.