SEB is a leading Nordic financial services group, with 15,000 employees. The company has set a goal to reduce its operational total carbon emissions by 20% from 2016 to 2020.
For their fifth Sustainable Finance Summit in Frankfurt, SEB decided to purchase CO2 Removal Certificates (CORCs) in the Puro.earth marketplace to make the event a carbon neutral conference.
“Priority for SEB is to use video conferences and other digital communication channels more frequently, to reduce our CO2 emissions. For events like the Sustainable Finance Summit bringing together experts from different countries where it is important to build a network, CORCs are a good alternative to offset the carbon output in our industry,” explains Stefan Pletzer, Head of Financial Institutions, SEB Germany.
SEB's press release for the Sustainable Finance Summit was titled “As human beings we want to create better societies, also with the help of financial instruments”. In line with this commitment they announced the neutralization of the event with CORCs.