The Board of Directors has ultimate responsibility for Swedbank’s sustainability governance. It adopts the bank’s Code of Conduct and Sustainability Policy and receives regular updates on sustainability matters.

The CEO is responsible for delivering on Swedbank’s Strategic Direction, in which sustainability plays an important role. The CEO is also responsible for the Group’s position statements on arms and defence and climate change and nature, as well as instructions supporting the implementation of the bank’s policies.

Swedbank's Sustainability Committee

The Group Executive Sustainability Committee supports effective management and governance of sustainability matters across the Group. The CFO is the committee’s chair and decision-maker.

This committee, together with the Group Operational Sustainability Committee and its two sub-committees ensures that sustainability is integrated more effectively into the Group’s core business operations and governance processes. The purpose of the Operational Sustainability Committee is to translate strategy and sustainability plans into concrete action by coordinating between units and following up on ongoing initiatives. 

Local Sustainability Committees

In Baltic Banking, Swedbank Baltics AS has established Sustainability Committee that follow the same working principles and process as the Group Sustainability Committee.

Sustainability work within Group Functions

Group Sustainability drives Swedbank’s sustainability management forward and passes on proposals to the CEO.  Group Sustainability’s main task is to promote sustainability-related matters in strategies, goals and monitoring. 

Other Group Functions collaborate with Group Sustainability on the integration of frameworks, policies and governance tied to sustainability. Each Group Function is responsible for sustainability management within its area and has relevant sustainability expertise.