The Board of Directors has ultimate responsibility for Swedbank’s sustainability governance. The Board is actively engaged in the bank’s sustainability matters and receives continuous updates on the work. The bank’s policies in the area (e.g. Code of Conduct and Sustainability Policy) are adopted by the Board.

The CEO’s main responsibility is to ensure that Swedbank can deliver on the Strategic Direction, which shows where the bank is headed and what must be done to achieve the bank’s vision and goals, in which sustainability plays an important part. The CEO is also responsible for the Group’s position statements on defence equipment and climate change, as well as the instructions that support the implementation of the bank’s policies.

Swedbank's Sustainability Committee

Swedbank’s Sustainability Committee is led by the CFO. The committee’s goal is to guide and support the governance of sustainability-related matters within the Group. The members include representatives from the Group Executive Committee. 

Local Sustainability Committees

In each Baltic country, Swedbank has local Sustainability Committees 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 within its area of operation for sustainability management and has sustainability experts within the applicable function.