SEB increases Corporate Responsibility ambitions

SEB published its first CR report in 2008, which follow international rules and adopted the UN's principles for responsible investing. In this years CR Report, published today, SEB state that for 2009 the bank will focus specifically in the environmental area but also boost current efforts in several other areas within Corporate Responsibility. In addition the bank plans to develop a strategic framework for questions around sustainability. The aim is to achieve a socially responsible common approach throughout the entire business. "SEB has an important role in society with great possibilities to take responsibility and make an impact both through our own daily business and by offering clients the right products and services. Our ambition is to fulfill the premiere international norms for corporate responsibility. One of the most important goals right now is to decrease SEB's carbon emissions," says Ingrid Jansson, head of Corporate Responsibility for SEB. During 2008 SEB established processes for measuring and following up sustainability indicators. For example, the new CR Report now shows that in two years time, travelling by train among SEB staff doubled, and the energy usage in SEB's facilities decreased by 24 per cent. SEB places great importance in engaging clients, staff and other constituents in the work to better the bank' affects on sustainability. "Right now we are carrying out a study among our constituents with in-depth interviews of chosen shareholders, employees, clients and other. The aim is to ensure that our investments are in line with the needs and desires of our important interest groups," says Jansson. SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB offers universal banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Poland, Ukraine and Russia and a global presence through its international network in major financial centers. On 31 December 2008, the Group's total assets amounted to SEK 2,511bn (~EUR 230bn) while its assets under management totalled SEK 1,201bn (~EUR 110bn).The Group has about 22,000 employees. Read more about SEB at www.sebgroup.com. _____________________________________________ For further information, please contact: Ingrid Jansson, head of Corporate Responsibility, +46 (0)8 763 8669, +46 (0)70 523 6840 Elisabeth Lennhede, Press & PR. +46 (0)8 763 9116, +46 (0)70 763 99 16 This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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