Sustainable Business

Governance and reporting of sustainability work

Responsibility and governance

Within SBAB, the Board of Directors is ultimately responsible for ensuring that proactive, long-term efforts to achieve sustainable development are carried out within the company. The Board also adopts a strategy, objectives and a policy for sustainable business. Furthermore, the Board monitors and assesses SBAB’s sustainability efforts. The Sustainable Business function is responsible for developing a company-wide business plan for SBAB’s sustainability agenda, including a strategy, objectives and activities. The Executive Management presents the company’s strategic business plan, including its aims, direction and objectives for sustainability efforts, in conjunction with deciding the business plan and budget. SBAB has a Sustainability Council and a Sustainability Forum that meet regularly to thereby optimise the integration and focus of sustainability efforts. The Sustainability Council comprises the Executive Management and the Head of Sustainability (who convenes the meetings), and has been tasked with guiding SBAB’s sustainability efforts. The Sustainability Council takes decisions on priorities and strategic direction in accordance with the decided business strategy. The Sustainability Forum is a cross-functional working group tasked primarily with evaluating and prioritising larger and more significant ideas pertaining to sustainability. The efforts of the Sustainability Forum and the Sustainability Council at SBAB are supported by SBAB’s overriding business plan, current materiality analysis and the prioritised sustainability aspects.

Policies and instructions

Each year, SBAB’s Board of Directors adopts a number of policies at the statutory Board meeting. These are an important part of the internal governance and help the company to create a consensus on company-wide issues and areas. For example, SBAB has policies on sustainable business, ethics, equality and diversity (which are available at as well as a policy aimed at preventing money laundering and the financing of terrorism. In addition to these policies, a number of guidelines adopted by the Executive Management and the CEO also contribute to sustainable business. Examples of these are guidelines for the management of complaints, communication, work environment, bribery, bank secrecy, compliance and security.

In 2014, the Executive Management adopted an instruction regarding the whistle-blower process that makes it possible for employees to anonymously report potential irregularities within the company and in 2015, the Board of Directors adopted a new code of conduct.


We report sustainable business on the basis of the Global Reporting Initiative’s framework for sustainability reporting, version G4 at the “Core” level , including GRI G4 Sector Disclosures, Financial Services. Sustainability reporting encompasses the Parent Company SBAB Bank AB (publ) and its wholly-owned subsidiary the Swedish Covered Bond Corporation, “SCBC”. The operations of SCBC are conducted by employees of the Parent Company on the assignment of SCBC and applicable regulations and guidelines apply to both companies. SBAB reports specific indicators depending on their relevance and on access to data and information. The quality of the reporting is assured by independent auditing and confirmation. SBAB has signed the UN Global Compact initiative, which comprises ten principles concerning human rights, aspects of labour law, the environment and corruption. Each year, SBAB issues a Communication on Progress (COP) to the UN Global Compact to account for the company’s efforts regarding the ten principles.