Sustainability Policy
From the start, Swedbank has tried to find financial solutions to the most pressing problems for individuals, businesses and societies. Promoting a sound and sustainable society is our main competitive edge in attracting customers, staff and investors. Being an inclusive bank - caring for and being open to all customers and employees regardless of their economic situation, age, gender, ethnicity, sexual identity or disability - is the key to a market share that has enabled us to create leading bank services. Our success as a bank is inextricably linked to helping meet the social and environmental challenges of our times.
Use of the policy
The Sustainability Policy is the proactive partner of the Code of Conduct. It outlines Swedbank’s responsibility towards the society we act in and is an important part of. It defines sustainability for Swedbank and guides all actions, instructions, and targets relating to Swedbank’s role as an enabler of a sustainable society.
Our interpretation of sustainable development
Our definition of sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs. We provide trust and growth through our customer relations, products, services and actions. Sustainable development occurs when people grow and fulfiltheir human needs in harmony with society and the planet. This implies respect for and protection of the environment, human rights, labour rights and business ethics.
Our role
Swedbank’s commitment to sustainable development is based on the conviction that sustainability makes business sense. We provide financial products and services that enable our present and future customers to respond to the sustainability challenge.
Our approach
Integrated: Sustainability is integrated in our business, our operations and all our actions. Our sustainability ambitions inspire us to create profitable business in new ways and by new means.
Values and actions: It is our responsibility to ensure, and when required prove, that our values, vision and principles are consistent throughout our business and operations. To achieve effective change our actions can differ depending on for example the business logic, cultural setting and prevailing opportunities.
Sphere of influence: We are committed to using our sphere of influence to promote sustainability both locally and globally. We will drive and decide about change within our own organisation. Our customers will be encouraged to take part in the journey towards a sustainable society. And we will be an inspiring and demanding partner when working with our suppliers.
Transparency: We understand the value of transparency and actively seek a dialogue and interaction regarding our sustainability performance and obligations. We are open with our knowledge and will communicate our role as well as steps towards enabling a sustainable society.
Guidance: When moving from words to deeds Swedbank will use scientific findings, agreements and frameworks to guide the way to sustainability for both the bank and society at large. Swedbank will respect and deliver according to the principles and agreements that we have endorsed.
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