Spar Nord Bank A/S

Denmark
Europe

https://www.sparnord.dk/

Industry:Banking
Date joined:3 March, 2021
Initiatives:Principles for Responsible Banking

Spar Nord is a Danish bank which combines attentive and personal advice with up-to-date digital solutions. The core of Spar Nord’s business model is local commitment combined with strong central support. In 2019 Spar Nord was appointed as SIFI (Systemically Important Financial Institution).

Summary of sustainability strategy

Spar Nord has defined a strategic goal of being a reputable and responsible bank. This applies not only in relation to customers, employees and suppliers, but also from a social and global perspective. Accordingly, they are committed in implementing responsible and sustainable business practices across all business areas and promoting a responsible, inclusive and sustainable corporate culture.

In 2020, Spar Nord became a signatory to the UN Global Compact and the UN Principles for Responsible Investment (UN PRI) and in 2021 the UN Principles for Responsible Banking (UN PRB). This means the UN goals and principles are now the overall benchmark for their initiatives, while their daily work is governed by their business strategy and prioritised through materiality analyses and assessments of the areas where they can make the greatest difference. For 2020 onwards, they have selected six dedicated areas of priority.

While the UN principles are the backbone of their CSR efforts, national, European and sector-specific requirements and initiatives are also emerging. Consequently, CSR activities are naturally anchored in their management team.

Spar Nord has defined a strategic goal of being a reputable and responsible bank. This applies not only in relation to customers, employees and suppliers, but also from a social and global perspective. Accordingly, they have committed to implement responsible and sustainable business practices across all business areas and to promote a responsible, inclusive and sustainable corporate culture.