Banking sector initiative for a more sustainable construction sector
Handelsbanken has joined six other banks in an initiative to increase the focus on sustainability in the construction sector. A uniform set of guidelines will be implemented in Sweden at the respective banks in late 2021.Financial crime and illegal labour in the construction industry lead to significant negative effects for society, in the form of a loss of tax income and difficulties monitoring whether human rights are respected at construction sites. In their role as a credit provider to construction companies and property companies, banks have the capacity to make a difference through