• Streamlined ESG Data: SEB integrates Morningstar and Sustainalytics data to create a single, transparent sustainability hub.
• Enhanced Client Value: Clear and digestible ESG insights empower clients to make informed sustainable investment decisions.
• Regulatory Preparedness: A modernized ESG framework positions SEB ahead of evolving sustainability regulations.

SEB Steps Up Sustainability Efforts

SEB, a leading Nordic financial services group, is reinforcing its commitment to sustainable finance by unifying its ESG data through a strategic partnership with Morningstar and Sustainalytics. This move aims to create a single, transparent source of ESG insights across the bank’s operations.

“One of the biggest challenges we’ve faced is aligning our approach to sustainability both at the company level and at the client level,” said Per Georgzén, Deputy Head of Sustainability, Corporate and Private Customers. “We needed to harmonize our definition of sustainability across the bank to give our clients the same understanding and clarity.”

A Unified ESG Data Hub

SEB’s Tellus initiative consolidates ESG data across its divisions, fostering internal collaboration and efficiency. By standardizing sustainability data, SEB ensures a cohesive approach to ESG risk management and investment strategies.

“We now have various parts of the bank in the same room talking about sustainability using a common database,” Georgzén explained. “Suddenly, we have momentum and forward-looking discussions about our impact in this space.”

Elevating Client Insights

With 60-70% of Swedes already making eco-conscious choices in daily life, SEB sees a major opportunity to translate this mindset into financial decisions.

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“At SEB, we want to show our customers—through powerful insights and easy-to-understand data—the true impact of their financial decisions on sustainability,” Georgzén said. “Morningstar’s holistic approach, combined with Sustainalytics’ ESG data quality, allows us to develop more advanced, sustainable investment products.”

Staying Ahead of Regulations

As sustainability regulations become stricter, SEB is proactively adapting.

“We’ve had a glimpse of the regulatory setup ahead and seen new data sets from Morningstar and Sustainalytics designed to meet these requirements,” Georgzén noted. “Our new technical structure ensures seamless updates across the bank, making regulatory compliance more efficient.”

A Long-Term Sustainability Partnership

SEB has collaborated with Morningstar for over 20 years and sees its partnership with Sustainalytics as a critical step in maintaining its leadership in sustainable finance.

“We value Morningstar’s local coverage in the Nordics and global expertise,” said Georgzén. “This long-term collaboration will push boundaries in sustainability and continue to challenge us.”

SEB’s ESG transformation underscores its commitment to sustainable finance, client empowerment, and regulatory agility—securing its position as a leader in the green finance movement.

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