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Sustainability is an area of strategic importance for us. It creates the basis for our business decisions and processes,
social responsibility framework and business ethics standards.
For us being a sustainable business means:
Detailed information about Swedbank Group sustainability strategy and activities:
Swedbank Group webpage
Consistent and balanced economic growth and financial wellbeing of the society
Open, caring and inclusive society where human rights are respected
Responsible usage of resources, reduction of negative impact on the environment, combatting climate change
The ambition of the Swedbank Group is to be one of the most sustainable financial sector companies in the
world. Thus, we integrate sustainability into all our business processes and decisions. We aim to create positive
impact not only through our own activities but also through our customers – by helping them to make more sustainable decisions.
Goal 4: Quality Education
Ensure inclusive and high quality education for all.
Goal 5: Gender Equality
Achieve gender equality and end discrimination.
Goal 8: Decent Work and Economic Growth
Promote higher productivity, innovation, entrepreneurship and job creation.
Goal 12: Responsible Consumption and Production
Produce and consume goods and resources responsibly.
Goal 13: Climate Action
Take urgent action to combat climate change and its impacts.
Goal 16: Peace and Justice Strong Institutions
Promote peaceful and inclusive societies.
More information on United Nations SDGs https://sustainabledevelopment.un.org/sdgs
In all our work we take economic, social and environmental aspects into account, and we integrate issues such as human rights,
environment and anti-corruption into business decisions. This supports risk management and creates value for our stakeholders.
Development of digital services allows us to reduce resource consumption and minimize direct footprint of our services.
Integrating sustainability issues into financing and investment decisions allows us to direct money towards more sustainable
businesses, which contribute to positive impact on environment, society and economic growth. How do we do that? Here are some examples:
Swedbank Group also has an official Exclusion List for companies which we do not do not finance or invest in.
The current policies and position statements leading to exclusions of companies are Swedbank Policy on Human
Rights, Swedbank Position Statement Climate Change and Swedbank Position Statement Defence Equipment. More
Swedbank also takes comprehensive actions in order to prevent money laundering and terrorist financing.
More information on this topic is available here.
With our products and services we contribute to:
In all our activities we apply the highest standards of business ethics and we have actual mechanisms that enable us to implement them
All operations in Swedbank must be characterised by high ethical standards, which necessitates that Swedbank
and its employees actively examine every business transaction and ethically questionable situation on the basis
of ethical norms and attitudes.
Swedbank and its employees actively refrain from transactions, assignments and other actions that are
incompatible with this policy, instruction or approach, or for any other reason risk adversely affecting
confidence in Swedbank. Internal policies, procedures and regulations in the area of anti-corruption are
established and constantly renewed in Swedbank Group.
In our work we follow a Swedbank Code of Conduct, we comply with procedures that regulate potential conflicts
of interests and employee transactions involving financial measures. The bank applies a whistle blowing
procedure for reporting conflicts of interest and breaches of ethics. We promote a working environment where
employees can report without fear any violations of internal and external laws, legislation or unethical
behaviour. Our employees also submit an annual declaration of economic interests. A special Business Ethics
Committee is established to take care of this area.
These activities allow us to contribute to this goal:
Our operational sustainability helps us contribute to these SDGs:
These activities help us contribute to following goals:
Swedbank has a large number of suppliers
and therefore has a big responsibility but also good opportunities to influence them based on sustainability
specifications and expectations. The aim is to work together to promote sustainability at every level.
When working with partners and suppliers of various services, we always pay attention to sustainability
aspects. We seek to work only with service providers which follow the highest standards of business ethics and
sustainability. The Swedbank Supplier code of conduct, which must be signed by all service providers, states
that the company must behave responsibly with its employees, must ensure equal opportunities and follow the
requirements of environmental sustainability, while guaranteeing transparency and prevention of corruption.
It helps us contribute to following goal:
Swedbank Lithuania provides annual overview of social responsibility activities as part of the annual report
(please see section Social Responsibility). Reports are available here.
Detailed Sustainability Reports of Swedbank Group (in English) are provided at:
Swedbank’s mission statement includes the bank acting as a positive force in society. We work with various
societal initiatives which contribute to positive impact in areas of our prioritized SDGs.
Expertise in personal and business finances as well as macroeconomics is our greatest competence. By sharing
this competence with the society we can create biggest positive impact. To help people and businesses gain
financial skills, we actively work with various educational initiatives targeted at different segments of
society. Our aim is to help people gain knowledge and skills to successfully manage their personal finances,
build financial security and accelerate growth.
These activities contribute to following goals:
Swedbank Entrepreneurship platform “Everyone can” was created for small Lithuanian businesses to grow and
develop more quickly. About 2500 Lithuanian small businesses have joined the
„Everyone can“ platform and have used this opportunity to attract more customers and increase visibility of their business.
The project can be joined both by businesses running physical sales, and those operating electronically.
The platform “Everyone can”
It allows us to contribute to this goal:
We believe that open and progressive society is impossible without equal opportunities and inclusion. Since
2015 we have been working actively on issues of equal opportunities, gender equality and diversity. We run
diversity trainings for all our managers. We offer equal pay to men and women in the same professional
positions. We have set goals in the field of equal opportunities such as gender balance among managers, equal
pay, implementation of non-discrimination principles, employee engagement into diversity related topics and initiatives.
We have implemented gender equality campaign Green Light (www.zaliasviesa.lt), which
encourages equal pay, reducing gender pay gap and increasing public awareness in this field. In cooperation with
public partners, we constantly strive to raise discussions on the topics of gender equality and encourage
progress at the national level. We also actively work with various various women’s leadership initiatives (e.g.
the Go Forward conference, the Women’s Innovation Sprint, etc.)
Swedbank is an ambassador of the Lithuanian Diversity Charter and was among the first companies in Lithuania to
publicly express support to the Baltic Pride events. In 2019 Swedbank became the major partner and sponsor of
the Baltic Pride International Human Rights Conference and participated in the March for Equality in Vilnius.
The bank is also the major partner and sponsor of the National Equality and Diversity Awards.
This helps us contribute to following goal:
Women for Global Challenges
is a continuous sustainable innovations programme, based on the methodology of design thinking. It aims to
encourage more women to take active role in creating innovations and turning them into actual business ideas. It
also aims to promote and grow sustainable innovation culture among entrepreneurs. The business ideas in this
program must contribute to at least one of the SDGs. Swedbank is the main partner and one of the initiators.
More information at: www.inovacijusprintas.lt
is a sustainable entrepreneurship per-accelerator for students run by Sunrise Valley Science and Technology
Centre. During the programme participants learn how to create a business which is not only innovative but also
makes a positive impact on the environment, society and economy. Swedbank is the main partner and sponsor.
More information at: www.futurepreneurs.eu
“Būtent” (“Makes Sense”) Opinion and Discussion Festival.
This is an open, non-political, free of charge event, the aim of which is to encourage the culture of open
discussions, listening and tolerance, build societal engagement and improve the quality of important national
level decisions. In this festival Swedbank initiates various discussion on the topics related our prioritized
SDGs based areas: education, economic growth and entrepreneurship, open and inclusive society, sustainability and environmental protection.
More information at: http://diskusijufestivalis.lt
Our societal initiatives help us contribute to following goals:
In order to create positive social, economic and environmental impact, Swedbank cooperates with various
societal partners. When building partnerships, we prioritize long-term initiatives that have a wide reach and
strong impact, and which correspond to the Sustainable Development Goals and our bank values.
Swedbank assesses every proposal for support or cooperation according to clearly defined criteria. We take into account the following aspects:
Swedbank does not support:
In order to communicate with us regarding opportunities for cooperation and sponsorship, please fill in the following form:
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