Summary of sustainability strategy
Norion Bank AB wants to be a long-term strategic partner for both corporate and private customers. Norion creates value for customers through responsible credit and financial solutions. Norion strives for the highest standard of responsibility in their operations, customer relations, projects and in how they create new business opportunities. Norion also wants to better incorporate sustainability risks into their operations and to make sure that business ethics as well as social and environmental responsibility are integrated in all parts of the business. Norion will achieve this by integrating sustainability in all operations, at all levels. To do so, Norion will implement the six Principles for Responsible Banking and the Ten Principles of the UN Global Compact. In addition, Norion will also implement requirements according to the TCFD framework to make sure that they have proper governance, strategy, risk management as well as metrics and targets that they follow up on, both now and in the future. By doing so, Norion will also cover the requirements regarding mapping, disclosure, and management of climate-related and environmental risks issued by the European Central Bank.