SpareBank 1 SMN 2020 AR2
The report outlines SpareBank 1 SMN's financial and sustainability performance for the year 2020. Despite the challenges of the COVID-19 pandemic, the group successfully integrated its subsidiaries under the 'One SMN' initiative and secured a major banking agreement with Trondheim municipality, where sustainability was a key criterion. The company adopted a new sustainability strategy focusing on being a driver for the green transition, a partner for inclusive social development, and a guide for a responsible business culture. Additionally, the group issued its first senior green bond worth NOK 3.25 billion and achieved a common equity tier 1 (CET1) ratio of 18.3 percent.
Company: SpareBank 1 SMN
Sector: Finance & insurance
Country: Norway
Year: 2020
Type: AR2
Pages: 245
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SpareBank 1 SMN
Annual Report
The report outlines SpareBank 1 SMN's financial and sustainability performance for the year 2020. Despite the challenges of the COVID-19 pandemic, the group successfully integrated its subsidiaries under the 'One SMN' initiative and secured a major banking agreement with Trondheim municipality, where sustainability was a key criterion. The company adopted a new sustainability strategy focusing on being a driver for the green transition, a partner for inclusive social development, and a guide for a responsible business culture. Additionally, the group issued its first senior green bond worth NOK 3.25 billion and achieved a common equity tier 1 (CET1) ratio of 18.3 percent.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women in Management
Employees