Sustainability work

Policies and reports

Through being business-minded, committed, and caring, Norion Bank wants to enable our customers to continue to grow and prosper. Together, we want to contribute to tomorrow and a sustainable development.

Sustainability framework 

Norion Bank specializes in financing solutions for businesses and individuals, with a particular focus on the needs of medium-sized businesses. We are the companies' complement to traditional big banks. As a bank, we have a great responsibility to contribute to a more sustainable economy for our customers and for the society in which we operate. We want to be a long-term partner to both companies and private individuals by running a business that in all parts creates a sustainable economic, social and environmental value. The sustainability work at Norion Bank is guided by our sustainability framework through policies, guidelines, and our code of conduct. Norion Bank also supports several international initiatives and believes that being transparent when reporting in this area provides value for our stakeholders. 

Norion Bank's overall ambition is to contribute in a measurable way to the UN's global goals for sustainable development by 2030, as well as reaching the Paris Agreement's goal of keeping global warming below 2 degrees. We want to increase our positive effects and reduce the negative ones from our financing activities. 

 

Three strategic focus areas

Our sustainability framework shows the bank's focus areas within sustainability. With goals linked to the focus areas, we can make progress that is in line with our sustainability strategy and vision of enabling tomorrow. Activities and goals are identified for the near term that will help us realize our long-term ambition. Over time, activities and goals will be updated and developed to gradually bring us closer to the 2030 goal.

 

Business-minded

We are a business-minded, professional partner providing responsible financing, thereby enabling sustainable development for the bank and our customers.

 

Sustainability goals

  • Annually contribute to improving the financial health and preventing overindebtedness of our private customers.

  • Set science-based climate targets for the bank’s loan portfolio in the Corporate and Real Estate segments in 2025.

  • By 2026, have in-depth customer dialogs on specific sustainability topics where Norion Bank has identified development opportunities.

Read more >

 

Committed 

We create conditions for our employees to feel ownership and responsibility in their roles, and give them the necessary sustainability skills to build longterm success for both the bank and our customers.

 

Sustainability goals

  • Annually achieve an eNPS of over 50, continue to develop the skills of our employees in sustainability and integrate sustainability into employee evaluation.

  • In 2025, start working with sustainability ambassadors to integrate sustainability across the bank’s different departments.

  • By 2026, set targets directly linked to sustainability for relevant departments.

Read more >

 

Caring 

With a structured and transparent approach, we are a reliable partner which does business with care for our environment, our customers and our employees.

 

Sustainability goals

  • Annually deliver on Norion Bank’s vision of zero complaints regarding customer privacy, anticorruption and marketing.

  • In 2025, reduce the share of cost-based emission factors in favor of supplier-specific emission factors.

  • By 2026, have assessed 90% of significant suppliers against sustainability criteria.

Read more >

United Nations Global Compact

Our work is based on the UN Global Compact's 10 principles, which aim to in the long term contribute to an integrated environmental, social and business-ethical perspective throughout our business.

Read more

Principles for Responsible Banking

As part of further integrating sustainability into our business operations, Norion bank has signed the UN initiative Principles for Responsible Banking.

Read more

Norion Bank's contribution to the 2030 Agenda  

As part of the bank's commitment to support a responsible financial market, we have analyzed our contribution to the 2030 Agenda. In part, we contribute through our own operations, i.e. how we do business, this primarily by being an attractive employer, by working to reduce the bank's direct emissions, and by combating corruption. But the main impact Norion Bank has on the outside world is through the credit portfolio, i.e. what business we do. We have identified the four goals that our operations have the greatest impact on, in both positive and negative terms. 

Agenda 2030

Norion Bank has been certified as a Nasdaq ESG Transparency Partner. The certification is given to companies that demonstrate a high degree of market transparency in environmental, social and governance (ESG) issues. Nasdaq's ESG matrix contains data points from environmental, social, corporate governance and future sustainability goals that Norion Bank takes into account in its operations.