SEB Adopts the Equator Principles
SEB has formally adopted the Equator Principles on project financing. The bank views this commitment as a step in ensuring the application of sound practice in terms of assessing and handling environmental and social impacts when engaging in project financing transactions. The Equator Principles are a set of voluntary guidelines developed by major international banks in conjunction with the International Finance Corporation, part of the World Bank Group. The goal of the guidelines is to create a widely accepted framework for lenders and borrowers in project finance for addressing environmental and social issues caused by projects, with the aim to make sure that the projects are properly assessed and implemented. SEB will report annually on its implementation process and on the number of transactions screened against the Equator Principles.