Future actions

The sustainability strategy

SR-Bank has chosen three of the UN Sustainable Development Goals that we will focus on to contribute to a more sustainable world.

​The 17 UN Sustainable Development Goals are the world’s first joint work plan to eradicate poverty, combat inequality and stop climate change by 2030.

A committee comprising different parts of the group have helped to determine which of the UN Sustainable Development Goals we will focus on, and the bank’s board has approved them.

The three goals selected are:

  • Gender equality
  • Decent work and economic growth
  • Climate change

“We have chosen to focus on three sustainable development goals for several reasons. Firstly, the goals aim to clarify and make our sustainability strategy more accessible to all - including those who don’t necessarily read strategy documents. These goals, in combination with the sustainability strategy, will guide the work we perform in the area of sustainability,” says Executive Vice President, Arne Austreid."

The goals have been chosen based on various criteria, but all three are subjects to which we, the employees in the group, can relate.

Equality – a natural choice

“Equality is a natural choice with regards to the industry in which we work. In the financial industry, we see differences between men and women both in terms of wage earning and distribution of roles at different managerial levels and positions of authority.”

UN on the goal: “Achieve gender equality and empower all women and girls” Equality is a human right. It's about giving both genders equal rights and opportunities to decide over their own lives. Women's access to education, health care, work and legal rights is necessary to creating development in a country.

Decent work and economic growth – a good fit with the group’s intentions

The goal is in line with the group's role as a community builder and our intention to provide power for growth and development. Here we are already doing much to contribute to diversification of the country's business community by supporting new industries and entrepreneurs through Gründerhub,” says Arne Austreid.

UN on the goal;“Promote inclusive and sustainable economic growth, employment and decent work for all” Around half of the world’s population earns so little that they cannot live off their wage. Creating economic growth and new jobs through decent work is a prerequisite for sustainable development. Creating good quality workplaces is one of the greatest challenges facing all countries leading up to 2030.

Climate change

“Just putting climate and the environment on the agenda in discussions with customers has an impact and can create change. We will help our customers to have a conscious approach to sustainability and climate risk, and in future we expect them to take an active approach to their own practice in this field. Credit is the bank’s largest business area and the area we have most opportunity to influence, especially in corporate markets.”

UN on the goal: “Take urgent action to combat climate change and its impacts” Climate change is a global issue and does not recognise national borders. We must therefore find global solutions as well. In addition to cutting emissions and capturing and storing CO2, there must be far greater work performed in renewable energy and other clean energy. Researchers on the UN’s climate panel believe that a two-degree temperature increase is the limit of what nature can withstand. If the temperature increases by more than that, climate change will be uncontrollable. The world’s leaders therefore agreed on a new agreement at the 2015 Paris Climate Change Conference. There, countries committed themselves to doing all they can to ensure the temperature does not rise by more than two degrees, and preferably by no more than 1.5.