In the Annual and Sustainability Report, Marcus Wallenberg, Chair of SEB's Board of Directors, and Johan Torgeby, SEB's president and CEO, summarise the past year.

"It was a year characterised by major developments in the surrounding world, both geopolitically and economically, and this affected the environment in which our customers operate. As a bank, we have to meet our customers' needs amid strong market competition, while also fulfilling the expectations of our shareholders, the authorities, politicians and other stakeholders. Employees and management have looked after the bank well given the difficult conditions," says Marcus Wallenberg.

"Despite the challenges in the economy, including double-digit inflation in the first half of the year, rapid interest rate increases and the cost of living hurting households and businesses, the financial markets showed strength. The banking sector has been able to stabilise the economy during this weak period. SEB is in a solid position, with a strong capitalisation and robust asset quality, and we have been able to continue to support our customers," says Johan Torgeby.

Sustainability Report
The Sustainability Report includes an update on the development regarding the ambitions and goals SEB has set within the climate area to reach a net zero credit portfolio by 2050 at the latest.

The Carbon Exposure Index is a goal to reduce the fossil fuel credit exposure in SEB's energy portfolio by 45-60 per cent by 2030 compared with a 2019 baseline. At year-end 2023, SEB's fossil fuel credit exposure had decreased by 39 per cent since the end of 2019. The Sustainability Activity Index measures the ambition to increase sustainability activity within four areas by 6-8 times by 2030 compared with a 2021 baseline. At year-end 2023, the index had increased by 123 per cent.

As part of SEB's commitment within the Net-Zero Banking Alliance, SEB has committed to align its credit portfolio with 1.5°C pathways to net zero by 2050 or sooner, and to set 2030 reduction targets. SEB's reduction targets now cover financed emissions for six sectors - oil & gas, power generation, steel, car manufacturing, Swedish household mortgages and heavy vehicle manufacturing. These six sectors accounted for 76 per cent of SEB's financed emissions in 2020. At the end of 2022, the financed emissions for these sectors had decreased by 47 per cent compared with 2020.

The Annual and Sustainability Report for 2023, as well as other annual reports for 2023, are available at sebgroup.com/annualreport (http://www.sebgroup.com/annualreport). SEB Investment Management AB's Sustainability Review is available at sebgroup.com/fundcompanysustainability (http://www.sebgroup.com/fundcompanysustainability).

This disclosure contains information that SEB is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 27-02-2024 14:00 CET.