SEB adopts the Principles for Responsible Inves...
SEB has - through its Wealth Management Division - adopted the United
Nations Principles for Responsible Investments (PRI) within the
category Investment Managers. SEB views this commitment as an
important step in contributing to the good corporate citizenship and
sustainable development in global economy.
This step means that SEB will incorporate environmental, social, and
corporate governance (ESG) considerations into our active ownership
policies and practices. SEB will also exercise our influence on
listed companies to encourage sustainable practices.
Tove BÃ¥ngstad, Head of Institutional Clients at SEB, says:
"This step is a result of SEB's own ambition to raise our standards
in the area of responsible investments as well as of increasing
demands from institutional clients".
Launched in April 2006, PRI are a set of global best-practices for
responsible investments. Institutional investors from all regions of
the world, together representing more than eight trillion dollars,
have adapted the principles. PRI has become the global standard for
responsible investments.
SEB has previously also adopted the Equator Principles on project
financing, an international standard for incorporating environmental
and social impacts in assessment of project financing.
SEB will be reporting on its activities considering PRI in its annual
Corporate Responsibility Report.
For more information on the Principles for Responsible Investments,
please see
http:// www.unpri.org.
For more SEB's Corporate Responsibility Report and more information
on SEB's CR activities, please see
http://www.sebgroup.com.
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
another ten countries. On 30 June 2008, the Group's total assets
amounted to SEK 2,304bn (EUR 244 bn) while its assets under
management totalled SEK 1,295bn (EUR 137 bn). The Group has about
22,000 employees. Read more about SEB at www.sebgroup.com.
_____________________________________________
For further information, please contact:
Tove BÃ¥ngstad, Head of Institutional Clients, +46 70 274 38 41
Odd Eiken, Head of Marketing & Communications, +46 8 763 87 30
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