WALK THE TALK
"For us it’s about walking the talk and acting responsibly towards customers, owners, the company and society at large. To succeed, sustainability needs to be a natural and integral part of the business.”
— Jacob Lundblad, CEO
Sustainability Policy Statement
The Board of Directors has adopted this policy to define a framework for management of NOBA’s material sustainability matters and provide a governing platform for NOBA’s sustainability work for all business decisions, including credit decisions.
Latest Sustainability Report
Do a deep dive into our sustainability progress by reading our latest report below.
NOBA’s ISS ESG rating
On October 29, NOBA received a C- grade from the rating agency ISS ESG in its assessment of the bank's sustainability efforts. This rating positions NOBA in the top tier among Nordic and European specialist banks, highlighting that our high ambitions in sustainability are recognized externally.
FINANCIAL HEALTH FOR MORE PEOPLE
We strive to enable financial health for more people. We can offer mortgages regardless of the applicant’s type of employment. We gather smaller loans into one to lower monthly payments. We provide flexibility and balance through one of the most popular credit cards in the Nordics. And we make sure people over 60 can stay in their homes longer.
RESPONSIBLE LENDING
NOBA offers tailored personal financial solutions and incorporates strong, responsible lending practices into our operations and throughout the customer journey. Together with financial health, responsible lending is our most important process and a prerequisite for practicing what we preach.
Responsible Marketing
Our Responsible Marketing Policy outlines our dedication to promoting our products and services in line with our core values and ethical standards and is integral to our operations.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) AREAS
Through our own operations as well as our value chain, our business impacts the environment, society and people. We also acknowledge that we have to account for this impact on our business, and how it can generate financial risks as well as opportunities.
Climate Instruction
The instruction serves as the basis for ways of working with our climate commitments in a practical sense, and establishes key actions as well as mechanisms for monitoring and following up on internal compliance.
Our carbon emissions
We measure our emissions in scope 1, 2 and 3 in order to fully understand our emissions and therefore also fully commit to reducing our emissions throughout our operations.
ESG Steering Document
Our Sustainability Policy is the main document governing sustainability management at NOBA. The Sustainability Policy includes all of NOBA’s material sustainability matters and how these are governed.
Please also find our HR Policy Statement here.
Code of Conduct
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.
Please find English version below and Swedish version here: NOBA's Uppförandekod.
Code of Conduct for Suppliers and Business Partners
Code of Conduct for Suppliers and Business Partners (the Code) outlines the expectations and standards that parties to this Code (henceforth Parties) must adhere to when conducting business with NOBA.
Our taxonomy report
Read our EU Taxonomy Report here.
UN Global Compact
Explore how we contribute to the Global Compact's ten principles and the policies governing our sustainability work.
Transparency Act & Human Rights Due Diligence (Åpenhetsloven)
The Norwegian Transparency Act Instruction sets out the process to identify actual or potential human rights impacts to be able mitigate the risks. Check out our due diligence in regards to the Transparency Act (Human Rights Due Diligence Procedures).
Beneficial working Conditions at NOBA
NOBA takes care of its people and supports in their continuous development journey. Read more about this in our disclosure on beneficial working conditions.
ESG journey
THE NOBA GROUP HAS A LONG-STANDING TRADITION OF TRANSPARENCY IN SUSTAINABILITY MATTERS
2015
NOBA reported financial health, employee relations, and corporate governance.
2016
NOBA includes a standalone sustainability section and became an early adopter of sustainability reporting standards by aligning with the Global Reporting Initiative (GRI) framework. NOBA became a member of the UN Global Compact in 2016 and has since then published a Communication on Progress (CoP) report outlining actions taken to fulfil the 10 principles.
2018
NOBA, through its subsidiary Bank Norwegian, publishes a standalone
sustainability report.
2019
Since 2019, NOBA includes a reference to the UN Sustainable Development Goals, outlining the overall impact of its operations and products.
2022
NOBA publishes a standalone sustainability report covering the whole NOBA Group, including an initial assessment of the EU Taxonomy.
2023
The Sustainability statement shadows the European Sustainability Reporting Standards (ESRS) of the Corporate Sustainability Reporting Directive (CSRD).