We strive to see sustainability as a natural part of our business
In 2015, a sustainability policy was produced and it is a guide for the bank's sustainability work. We strive to see sustainability as a natural part of our business, review the direct environmental impact of what we do, the workplace and our working methods.
For us, sustainability is a responsibility towards customers, partners, employees, society and the environment and is defined on the basis of three main areas: ecological sustainability, social sustainability and economic sustainability.
Ecological sustainability
The bank must take long-term environmental responsibility that aims to reduce our ecological footprint as far as is technically possible and economically reasonable.
Social sustainability
The bank must work to be a healthy player in a healthy market and be perceived as a modern and attractive employer who takes responsibility both internally and externally.
Economic sustainability
Our economic sustainability is strong and conducting a sustainable business requires a financial strength. The bank complies with the Money Laundering Act and has the responsibility and goal of conducting long-term and sound lending based on a comprehensive credit assessment.
Responsible governance
To ensure long-term profitability and to maintain confidence the bank needs to operate responsibly. The bank must have sound and responsible lending, counteract criminality and have a well-functioning whistleblower program. Volvofinans must educate employees on regulatory bases within sustainability, AML, GDPR and information security.
TCFD report
Climate change has major implications for our economy and our financial system. Volvofinans Bank strives to work with sustainability as a natural part of the business. In the TCFD report, you can read more about how the bank views climate-related risks and opportunities:
- Governance
- Strategy
- Risk management
- Metrics and targets
Rating
Volvofinans Bank has the following sustainability rating:
