SEB (SK) ESG Investor Day 2024 summary

Strategic vision and ESG integration

• ESG strategy is fully embedded in the business mission and governance, with four pillars: Act for Nature, Lead in Circular Economy, Act for All, and Responsible Business Conduct.

• ESG governance is integrated at board and management levels, with KPIs tied to incentives and dedicated committees overseeing strategy and reporting.

• The roadmap is fully aligned with growth strategy, aiming for sustainable value creation and industry leadership.

• Emphasis on innovation, repairability, and circularity as core to future growth.

• ESG performance recognized by top international agencies, including Ecovadis Platinum and Sustainalytics.

2030 targets and action plans

• By 2030, targets a 42% reduction in Scope 1 & 2 emissions and 25% in Scope 3 emissions (baseline 2021), with net zero by 2050 validated by SBTi.

• Water consumption to be reduced by 25% at all sites through process optimization and closed-loop systems.

• Use of recycled materials in products/packaging to reach at least 60%, with recycled aluminum at 65% and recycled plastic at 20% by 2030.

• Over 90% of small domestic appliances to remain repairable for 15 years, with recyclability at 85% and 3–5% of sales from refurbished products in targeted geographies.

• Eco-packaging: 100% of new products to have no inner virgin plastic bags by 2030.

Supply chain and circular economy

• Top 500 suppliers, representing 80% of carbon footprint, are engaged in tailored decarbonization roadmaps and monitored via digital tools.

• Supplier charter covers environmental, social, and ethical standards, with 80–100% of direct suppliers to be covered by 2030.

• Circular economy strategy focuses on eco-design, durability, repairability, recyclability, and scaling up refurbishment operations.

• In-store take-back and recycling programs are being expanded, with strong retailer and consumer support.

• Product innovations and consumer guidance aim to reduce product usage emissions by 25% by 2030.