All companies need to put in place credible climate transition plans, says the Nordic bank SEB. Without them, it is extremely difficult to be sure that carbon claims stand up or whether they are little more than greenwashing, argues Gregor Vulturius, climate and sustainable finance advisor at SEB.
SEB vaunts its credentials as a sustainable bank. In 2007-08, SEB helped create the World Bank’s first green bond; it is one of 42 founding signatories of the Net Zero Banking Alliance and is only one of two banks in the EU Platform on Sustainable Finance, a European Commission advisory body, along with Crédit Agricole.
