Governance

Noba

NOBA’s Sustainability Governance

The Board of Directors is responsible for determining NOBA’s strategy and the CEO is responsible for determining whether the development and implementation are aligned with the strategy adopted by the Board of Directors. NOBA has an ESG Committee, whose role is to be the decision-making body for strategic direction and operational initiatives. The ESG Committee is chaired by the CEO and also includes several members of the management team. The CEO delegates operational responsibility to the Head of Communication & ESG. Regulatory developments are monitored in cooperation with NOBA’s Legal and Compliance functions.

Before the Board meeting held in April each year, the CFO or the CEO presents the Sustainability Statement to the Board of Directors. The CFO is also responsible for reviewing and approving the Taxonomy Report before its inclusion in the Sustainability Statement.

Governing policies and instructions

  • Our Sustainability Policy Statement is the main document governing sustainability management at NOBA. The Sustainability Policy includes NOBA’s material sustainability matters and how these are governed.
  • We have established a Sustainability Reporting Instruction that includes the process for the double materiality assessment and sustainability reporting in accordance with CSRD.
  • In addition, we have a separate Climate Instruction in place to govern climate related aspect specifically.
  • The internal governance of NOBA’s Sustainability work is governed by the Instructions to the ESG Committee.
  • NOBA's Code of Conduct ("CoC") represents our commitment to our customers, clients, suppliers and business partners, government authorities, owners, employees, and the NOBA Group as a whole.
  • Code of Conduct for Suppliers and Business Partners outlines the expectations and standards that parties to this Code must adhere to when conducting business with NOBA.
  • The Norwegian Transparency Act Instruction sets out the process to identify actual or potential human rights impacts to be able mitigate the risks. Based on the instructions, we conduct a due diligence regarding the Transparency Act (Human Rights Due Diligence Procedures) and produce the report Norwegian Transparency Act Statement on a yearly basis. This is according to the Norwegian law Åpenhetsloven.
ESG Steering document overview ESG
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NOBA Bank Group AB (publ)
Gävlegatan 22
113 30 Stockholm

Org.nr 556647-7286
Registered Office: Stockholm

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