SEB, a leading Nordic financial services group, has entered into a strategic partnership with Morningstar and Sustainalytics to consolidate and enhance its ESG data handling.
According to ESG News, this initiative, part of SEB’s Tellus project, aims to unify sustainability definitions across the bank to ensure clarity and consistency for all clients. By integrating ESG data across its divisions, SEB facilitates better internal collaboration and efficient sustainability discussions.
Per Georgzén, Deputy Head of Sustainability, Corporate and Private Customers at SEB, highlighted the challenges of aligning sustainability practices at both the corporate and client levels. The bank’s new strategy allows various departments to collaborate effectively using a shared database, fostering forward-thinking sustainability efforts. Georgzén emphasized the importance of providing clients with clear, impactful insights into how their financial decisions affect sustainability, leveraging the high-quality ESG data from Morningstar and Sustainalytics.
The partnership also positions SEB to stay ahead of evolving sustainability regulations. Georgzén noted that the bank is already adapting to upcoming regulatory changes, with new data sets from Morningstar and Sustainalytics designed to meet stringent requirements. This proactive approach ensures that SEB remains compliant and continues to lead in sustainable finance.
Celebrating over two decades of collaboration with Morningstar, SEB sees its partnership with Sustainalytics as essential to maintaining its leadership role in the green finance sector. Georgzén praised Morningstar’s extensive local coverage and global expertise, which he believes will continue to drive innovation and challenge the bank to push sustainability boundaries.
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