Swedbank Sustainable Bond Impact Report 2023
In 2023, Swedbank continued to grow sustainable financing volumes and develop related products and services. The bank’s Sustainable Asset Register – comprised of green and social assets – amounted to SEK 74 billion by year-end 2023, an increase of 25 per cent compared to the year before. Most notably, Swedbank became the first Nordic bank to issue a social bond – a milestone in the bank’s history.
“Our asset register continues to grow, and we are committed to offering our customers the best sustainable products, services, and solutions. Swedbank has a great opportunity to contribute to the sustainable growth and development of the communities in which we operate, and we are continuing to take concrete steps in that direction,” says Johanna Fager Wettergren, Head of Group Sustainability at Swedbank.
The Sustainable Funding Framework, which provides the foundation for the Sustainable Asset Register, is an integral part of Swedbank’s implementation strategy for achieving the net-zero goals. In 2023, assets in two new categories (Energy Efficiency and Affordable Housing) were included in the register. Consistent with previous years, the Green Buildings category accounts for the majority of assets.
In August last year, Swedbank became the first Nordic bank to issue a social bond. The issuance marked a milestone in the bank’s history and an important innovation in Swedbank’s longstanding commitment to societal engagement. Earlier this year, Swedbank also published its first Climate Transition Plan, outlining how the bank works to achieve net-zero emissions.
Read more in Swedbank Sustainable Bond Impact Report 2023 (PDF) or at swedbank.com.
Contact:
Johanna Fager Wettergren, Head of Group Sustainability, +46 72 228 69 79
Hannes Mård, Media Relations Manager, +46 73 057 41 95
Swedbank empowers the many people and businesses to create a better future. Our vision is a financially sound and sustainable society. Swedbank Group is the leading bank with over 7 million retail customers and 550 000 corporate customers in our four home markets Sweden, Estonia, Latvia and Lithuania. Swedbank Group is also present in other Nordic countries, the U.S. and China. Together we make your financial life easier. Find out more: www.swedbank.com