SEB sets net-zero aligned 2030 target for heavy vehicle manufacturing
In October 2022, SEB set net-zero aligned 2030 interim targets for five sectors in its credit portfolio in line with its sustainability strategy and commitment to the Net Zero Banking Alliance (NZBA). The targets cover SEB’s lending commitments to the oil & gas, power generation, steel, car manufacturing, and Swedish household mortgage sectors. In conjunction with SEB’s annual sustainability event on 15 November 2023, SEB also sets a target for the heavy vehicle manufacturing sector, meaning 77 per cent of its proforma financed emissions for 2020 are now covered by such targets. “Our aim