Skandinaviska Enskilda Banken AB (SEB) is a Swedish financial institution that operates in the banking sector. Established in 1856, SEB has grown to become one of the leading banks in the Nordic region, with a presence in 20 countries across Europe, Asia, and the Americas. The bank provides a range of financial services, including corporate and investment banking, private banking, and asset management. In recent years, SEB has been actively working towards decarbonisation and promoting renewable energy, as part of its commitment to sustainability.

Decarbonisation is a key focus area for SEB, and the bank has set ambitious targets to reduce its carbon footprint. In 2019, SEB announced that it would become carbon neutral by 2025, and has since been working towards achieving this goal. The bank has implemented a range of measures to reduce its carbon emissions, including investing in renewable energy, improving energy efficiency in its buildings, and reducing business travel. SEB has also set targets to reduce its indirect emissions, such as those associated with its supply chain and investments.

One of the ways in which SEB is promoting renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for the electricity generated by the renewable energy project. SEB has been actively involved in the development of the corporate PPA market in the Nordic region, and has signed several agreements to purchase renewable energy. In 2019, SEB signed a 15-year PPA with Swedish wind power company Arise AB, which will supply the bank with renewable energy from a wind farm in northern Sweden.

SEB is also investing in renewable energy projects, both directly and through its asset management division. The bank has a dedicated renewable energy fund, SEB Greentech Fund II, which invests in companies that develop and produce renewable energy technologies. The fund has invested in a range of projects, including wind and solar power, energy storage, and smart grid technologies. SEB is also a member of the RE100 initiative, which brings together companies committed to sourcing 100% of their electricity from renewable sources.

In addition to promoting renewable energy, SEB is also working to reduce its own energy consumption through corporate energy management. The bank has implemented a range of measures to improve energy efficiency in its buildings, such as installing energy-efficient lighting and heating systems, and using smart building technology to optimise energy use. SEB has also introduced a green lease policy, which encourages landlords to make energy-efficient upgrades to their buildings.

Overall, SEB is a leading bank in the Nordic region, with a strong commitment to sustainability and decarbonisation. The bank is actively promoting renewable energy through corporate PPAs and investment in renewable energy projects, and is working to reduce its own carbon footprint through energy efficiency measures. SEB's commitment to sustainability is reflected in its membership of the RE100 initiative and its goal to become carbon neutral by 2025. As the world continues to transition towards a low-carbon economy, SEB is well-positioned to play a leading role in promoting sustainable finance and supporting the growth of renewable energy.