Risks

For us, responsible lending means promoting a long-term sound economy and taking responsibility for reducing the indirect impact on people and the environment that may arise from our customers’ operations.

Sustainability risks can rarely be separated from financial risks. Therefore, a sustainability analysis is carried out for corporate loans exceeding SEK 8 million in Sweden and SEK 0.8 million in the Baltic countries. During the analysis, general sustainability risks are discussed with the customer based on a risk assessment model that includes issues relating to human rights, the environment and climate, as well as tax and corruption issues.

If the company is deemed to have significant sustainability risks, and/or the amount applied for is too high for the responsible employee to grant, the case is escalated to a credit committee for final decision.

Swedbank’s Sustainability and Ethics Council deals with matters from across the Group and makes recommendations on issues relating to sustainability and ethics. In this way, all business areas can, by escalating matters to the Council, receive support on issues relating to business ethics, human rights and tax.

As Sweden’s largest fund manager, we have the opportunity to influence the companies in which we invest. We have chosen to act on sustainability and corporate governance issues on behalf of our shareholders. We invest in a large number of companies both in Sweden and abroad. As part of the financial analysis, we identify companies’ sustainability risks and opportunities for improvement. Some companies are excluded for sustainability reasons, but our main principle is to remain the owner and influence.

Swedbank’s Sustainability Committee shall promote the effective management and governance of sustainability-related issues in the bank.

The Sustainability Committee covers the entire Group, all domestic markets and all business areas. The purpose is to support guidance in business ethics dilemmas, integrity issues and to promote the upholding of the Bank’s values and to promote the integration of sustainability into the Bank’s core processes.

The committee is chaired by the Head of Group Brand, Communication & Sustainability. All employees in the organisation can escalate matters to the council.

The members represent the bank’s various business areas and group functions. The committee’s work is reported quarterly to the Bank’s Board of Directors and Group Management.

Risks

Swedbank Sustainability Committee

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