Standard & Poor’s ESG evaluation is a new tool that provides an opinion on a company’s long-term preparedness for ESG risks and opportunities. It is an in-depth analysis of the company’s environmental, social and governance profiles as well as an assessment of its preparedness for disruptive forces.

“We are continuously refining the bank’s work on sustainability and associated reporting to address the growing demand for data to describe sustainability benefits, especially forward-looking climate-related information,” says Erik Ljungberg, Head of Group Communication & Sustainability. “The goal is to remain ranked and recognised as one of the world’s most sustainable companies in our industry, and here we have proof of our success in S&P’s ESG evaluation.”

On environmental issues, S&P states that Swedbank is above the industry average in embedding environmental factors in asset management and in managing its own environmental footprint and that of its suppliers. In addition, environmental factors are increasingly being integrated in the lending process.

In the area of social sustainability, S&P states that Swedbank benefits from well-formalized frameworks to manage issues related to employees, customers and communities. Our social engagement is supported by the collaboration with local savings banks.

S&P writes that Swedbank continues to make improvements in line with international best practices in terms of governance and compliance.

Sustainability and digitisation are well-anchored in Swedbank’s long-term strategy and the bank’s management demonstrates an awareness of emerging trends.

More info:

S&P list of public ESG Evaluations

Contact:

Unni Jerndal, Head of Group Press Office, +46 73 092 11 80, unni.jerndal@swedbank.com