Nordax joins UN Global Compact initiative
Nordax has applied to join United Nations sustainability initiative Global Compact. By adhering to Global Compact, Nordax supports and commits itself to operate in accordance with the ten principles of the initiative on human rights, labour law, the environment and anti-corruption.
"To join Global Compact is a natural step for Nordax since we share the values of the initiative. Nordax has since the start in 2004 been focused on building a sustainable business and by adhering to the Global Compact we take the next step with a focus on corporate responsibility and responsible lending. We believe that participation will be beneficial to our long-term efforts to develop the business in a sustainable manner" says Morten Falch, CEO of Nordax.
The UN Global Compact is the world's largest corporate responsibility initiative with over 9,000 participating companies from 168 countries. More information is available at www.unglobalcompact.org
For more information, please contact:
Andreas Frid, Head of Investor Relations
Phone: +46 705 290 800
E-mail: andreas.frid@nordax.com
About Nordax
Nordax is a leading niche bank in Northern Europe providing personal loans and deposit accounts to more than 100,000 customers in Sweden, Norway, Finland, Denmark and Germany. Nordax employs about 200 people, all working in its office in Stockholm. The underwriting process is Nordax’s core competency; it is thorough, sound and data driven. Nordax’s customers are financially stable individuals. The typical customer is 49 years old and has an income above the national average. As of September 30, 2016 lending to the general public amounted to SEK 12.5 billion and deposits amounted to SEK 7.2 billion. Nordax has been supervised by the Swedish Financial Supervisory Authority since 2004 and deposits are covered by the Swedish deposit guarantee scheme. Read more on www.nordaxgroup.com. For more information about Nordax’s customer offerings, read more on each country’s web site: www.nordax.se, www.nordax.no, www.nordax.fi and www.nordax.de.
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