Scope

The Code of Conduct applies to all employees of Swedbank and its subsidiaries.

Purpose

The Code of Conduct sets out in general terms the conduct principles for how we guide our business and relations and serves as our policy on ethics. As the Code of Conduct sets out the general terms, each employee needs to look for information in in each relevant specific regulation for detailed principles and further guidance.

The code of Conducts's content in short

This Code of Conduct elaborates on our behaviour and will provide guidance and being an ethical compass. It provides a clear guidance and a direction in our daily work.

Purpose, vision and values

Swedbank's Strategic Direction states our purpose, vision and values. Our values are open, simple, and caring. Our vision is a financially sound and sustainable society where we empower the many people and businesses to create a better future. To ensure the delivery of our purpose and vision, we shall be an attractive, inclusive workplace with clear accountability. We have to be an efficient, profitable and compliant bank and financial services platform. It is also fundamental that we have a standardised, scalable and stable infrastructure.

Maintaining trust

Swedbank shall operate with transparency, trust and integrity. Swedbank´s foundation is built on maintaining the trust of our customers, owners, employees, business partners, as well as the trust of the society. We need to manage risk awareness and base all our decisions on high ethical standards. In making decisions, we must not only be guided by what is allowed and legal, but also by what is right and proper from an ethical perspective.

Requirements as a financial institution

We handle large financial values and have access to confidential information and other sensitive information, on a day-to-day basis. This makes Swedbank a target for attempts of financial crime. We are committed to protect Swedbank from activities that pose threats to Swedbank´s operations and customers, and in the long run the integrity and the stability of the financial system. As a result hereof, we are expected to place more strict requirements on employees in a financial institution than in other business sectors.