SEB and Sustainalytics Join Forces to Revolutionize ESG Data for Superior Sustainable Finance
SEB, a prominent Nordic financial services group, has recently announced a strategic partnership with Morningstar and Sustainalytics to enhance its handling of Environmental, Social, and Governance (ESG) data. This initiative is part of SEB’s ambitious Tellus project, aimed at establishing a unified approach to sustainability definitions across the bank, ensuring clarity and consistency for its clients.
Enhancing ESG Data Integration
By integrating ESG data across various divisions, SEB will facilitate improved collaboration and discussions on sustainability. According to Per Georgzén, Deputy Head of Sustainability for Corporate and Private Customers at SEB, the new strategy addresses the challenges of aligning sustainability practices at both corporate and client levels.
Key Features of the Partnership
- Unified Database: Different departments can collaborate effectively using a shared database.
- Clear Insights: Clients will receive impactful insights into how their financial decisions influence sustainability.
- Regulatory Compliance: SEB is proactively adapting to upcoming sustainability regulations.
Georgzén emphasized the significance of utilizing high-quality ESG data from both Morningstar and Sustainalytics, which will empower the bank to provide meaningful insights to its clients.
Staying Ahead of Sustainability Regulations
The partnership positions SEB to remain at the forefront of evolving sustainability regulations. Georgzén noted that the bank is already adapting to stringent requirements with new data sets designed to ensure compliance. This proactive approach enables SEB to maintain its leadership in sustainable finance.
Long-standing Collaboration
Celebrating over two decades of partnership with Morningstar, SEB views its collaboration with Sustainalytics as crucial for its ongoing leadership in the green finance sector. Georgzén praised Morningstar’s extensive local coverage and global expertise, which are expected to drive innovation and challenge the bank to push the boundaries of sustainability.
For further information on SEB’s sustainability initiatives, visit their official website at SEB Group.
