GRI Index
The table shows SpareBank 1 SMN's reporting for 2020 with reference to the GRI Standard's core requirements from GRI Standards 2016.
| GRI indicator | Name of indicator | Reply/Source | Comment |
| GENERAL INFORMATION | |||
| Organizational Profile | |||
| 102-1 | Name of the organisation | SpareBank 1 SMN | |
| 102-2 | Activities, brands, products, and services | Annual report - Organisation and presence | |
| 102-3 | Location of headquarters | Trondheim, Norway | |
| 102-4 | Location of operations | Norway | |
| 102-5 | Ownership and legal form | Savings bank based on equity certificates | |
| 102-6 | Markets served | Central Norway | |
| 102-7 | Scale of organisation | Annual report - Organisation and presence | |
| 102-8 | Information on employees and other workers | Annual report - The people | |
| 102-9 | Supply chain | Annual report - Sustainability in procurement | |
| 102-10 | Significant changes to the organisation and its supply chain | No significant changes | |
| 102-11 | Precautionary Principle or approach | Annual report - Corporate Governance | |
| 102-12 | External initiatives | Annual report - Sustainability | |
| 102-13 | Membership of associations | Annual report - About the group | |
| Strategy | |||
| 102-14 | Statement from senior decision maker | Annual report - Statement by the group CEO | |
| Ethics and integrity | |||
| 102-16 | Values, standards, principles and norms | Annual report - Values, vision and strategy | |
| Governance | |||
| 102-18 | Governance structure | Annual report - Corporate governance | |
| Stakeholder Analysis | |||
| 102-40 | List of stakeholder groups | Annual report - Stakeholders | |
| 102-41 | Collective bargaining agreements | Annual report - The people | |
| 102-42 | Identifying and selecting stakeholders | Webpage smn.no/ about us/sustainability/strategy for sustainability | |
| 102-43 | Approach to stakeholder engagement | Webpage smn.no/ about us/sustainability/strategy for sustainability | |
| 102-44 | Key topics and concerns raised | Webpage smn.no/ about us/sustainability/strategy for sustainability | |
| Reporting Practice | |||
| 102-45 | Entities included in the consolidated financial statements | Annual report - Income statement | |
| 102-46 | Defining report content and topic Boundaries | Annual report - Income statement | |
| 102-47 | List of material topics | Annual report - Income statement | |
| 102-48 | Restatements of information | Annual report - Income statement | |
| 102-49 | Changes in reporting | In 2020 the group has carried out a new materiality assessment as part of its strategy process. This led to the inclusion of new, significant themes and indicators in the GRI index | |
| 102-50 | Reporting period | Financial year 2020 | |
| 102-51 | Date of previous report | March 2020 | |
| 102-52 | Reporting cycle | Annual | |
| 102-53 | Contact point | Jan-Eilert Nilsen | |
| 102-54 | Claims of reporting in accordance with the GRI Standards | Core requirements | |
| 102-55 | GRI content index | GRI Index | |
| 102-56 | External assurance | PwC | |
| SPECIFIC INFORMATION | |||
| Green transition of Sparebank 1 SMN | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - SpareBank 1 SMN's energy and climate account | |
| 103-2 | The management approach and its components | Annual report - SpareBank 1 SMN's energy and climate account | |
| 103-3 | Evaluation of the management approach | Annual report - SpareBank 1 SMN's energy and climate account | |
| 305-1 | Direct emissions (Scope 1) | Annual report - SpareBank 1 SMN's energy and climate account | |
| 305-2 | Indirect emissions from energy used (Scope 2) | Annual report - SpareBank 1 SMN's energy and climate account | |
| 305-3 | All other indirect emissions (Scope 3) | Annual report - SpareBank 1 SMN's energy and climate account | |
| Stimulating green transition | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability | |
| 103-2 | The management approach and its components | We are in the process of revising governing documents and policies designed to assure compliance and control. An overall corporate governance model is under development for monitoring and reporting on our work in this area | |
| 103-3 | Evaluation of the management approach | Methodology and classification standards relevant to our economic activities will be put into use as and when enacted in Norwegian legislation. Our internal control system will be developed to assure quality and compliance. | |
| FS8 | Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose | Retail market (loans under today's product hierarchy) Green construction loans: NOK 20,000,000 Green mortgages: NOK 114,000,000 Green loans for energy initiatives: NOK 145,000 Loans under green bonds: Retail market: NOK 16,043,000,000 Corporate market: NOK 8,121,000,000 |
Retail Banking Corporate Banking |
| FS10 | Percentage and number of companies in the institution's portfolio with which the reporting organisation has interacted on evironmental issues | 11 clients. Share of the portfolio within fisheries: 34% | Corporate Banking |
| MRKT-1 | Number of companies / volume of transactions arranged within renewable energy / with a green profile in investment banking and debt capital | Investment banking NOK 25,563,000,000 25 issues lead managed at 22 companies within renewable energy/with a green profile External capital NOK 2,200,000,0005 issues lead managed at 4 companies within renewable energy/with a green profile |
Markets |
| FS11 | Share of companies in the investment portfolio with positive and negative screening for environmental and social conditions (possibly ESG-screened) | Annual report - SpareBank 1 Invest | |
| KAP-1 | Number of companies in investment portfolios that are followed up as a result of controversies on the basis of ESG screening | This indicator is not reported on due to delayed delivery of data; we will publish a separate report at smn.no/about us/sustainability once the data is ready | Kapital- forvaltning |
| KAP-2 | Weighted carbon footprint of equity investments | This indicator is not reported on due to delayed delivery of data; we will publish a separate report at smn.no/about us/sustainability once the data is ready | Kapital- forvaltning |
| Competence development | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - The people | |
| 103-2 | The management approach and its components | The competence portal 'Utsikt' administers courses and training programmes, and enables retrieval of reports on completed courses | |
| 103-3 | Evaluation of the management approach | The competence portal is developed in cooperation with the system provider as and when the organisation changes and new skills and modes of learning are introduced. | |
| 404-2 | Programs for upgrading employee skills and transition assistance programs | Annual report - The people All employees who received a severance package in 2020 were offered support of up to 1.5G for education and competence raising purposes. All who considered taking a severance package, including above age 65, were offered personal financial advice |
|
| Diversity and equal opportunity | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability, The people | |
| 103-2 | The management approach and its components | Annual report - The people | |
| 103-3 | Evaluation of the management approach | Annual report - The people | |
| 405-1 | Diversity of governance bodies and employees | Annual report - The people | |
| 405-2 | Ratio of basic salary and remuneration of women to men | Annual report - The people | |
| 406-1 | Incidents of discrimination and corrective actions taken | Annual report - The people | |
| Strengthening social rights in products and services | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability | |
| 103-2 | The management approach and its components | We are in the process of revising governing documents and policies designed to assure compliance and control. An overall corporate governance model is under development for monitoring and reporting on our work in this area | |
| 103-3 | Evaluation of the management approach | Methodology and classification standards relevant to our economic activities will be put into use as and when enacted in Norwegian legislation. Our internal control system will be developed to assure quality and compliance. | |
| FS10 | Percentage and number of companies held in the institution's portfolio with which the reporting organisation as interacted on social issues | 42 clients. 100% of clients with approved construction loans above NOK10m. | Corporate Banking |
| FS11 | Share of companies in the investment portfolio with positive and negative screening for environmental and social conditions (possibly ESG-screened) | Annual report - SpareBank 1 SMN Invest | |
| Stimulating innovation and sustainable economic growth | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability | |
| 103-2 | The management approach and its components | We are in the process of revising governing documents and policies designed to assure compliance and control. An overall corporate governance model is under development for monitoring and reporting on our work in this area | |
| 103-3 | Evaluation of the management approach | Methodology and classification standards relevant to our economic activities will be put into use as and when enacted in Norwegian legislation. Our internal control system will be developed to assure quality and compliance. | |
| FS7 | Monetary value of products and services designed to deliver a specific social benefit for each business line broken down by purpose | First-home mortgages: NOK 13,000,000,000 Safe and secure house purchase: NOK 1,800,000,000 |
Retail Banking |
| FS14 | Measures to improve access to financial services for particularly vulnerable groups | Co-financing (emergency financial help and refinancing, new product). Volume NOK 20,000,000 | Retail Banking |
| SMN-1 | Digital measures to improve efficiency and sustainable development of products and services | 85% of all loan applications at SMN are digital. This provides an annual saving of NOK 9m. 10% of all property settlements are digital. This provides an annual saving of NOK 2m. | Retail Banking |
| MRKT-2 | Number of companies / volume of transactions arranged within technology in investment banking and debt capital | Investment banking NOK 8,926,000,000. 14 issues lead managed at 11 companies |
Markets |
| Ethical standards | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability | |
| 103-2 | The management approach and its components | Annual report - The people | |
| 103-3 | Evaluation of the management approach | Annual report - The people | |
| 205-2 | Communication and training about anti-corruption policies and procedures |
Anti-corruption is an indicator we shall be reporting on in the future, and we therefore choose not to report these figures for 2020. | |
| 205-3 | Confirmed incidents of corruption and actions taken | Annual report - Anti-corruption | |
| Data- and cybersecurity | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability | |
| 103-2 | The management approach and its components | Annual report - Information security | |
| 103-3 | Evaluation of the management approach | Annual report - Information security | |
| 418-1 | Substantiated complaints concerning breaches of customer privacy and losses of customer data | Annual report - Personal data protection | |
| Standards for purchasing and responsible marketing | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability report | |
| 103-2 | The management approach and its components | Annual report - Responsible operations and management | |
| 103-3 | Evaluation of the management approach | Annual report - Responsible operations and management | |
| 308-1 | Percentage of new suppliers that were screened using environmental criteria | One new cleaning services provider for SMN has been screened under the group's guidelines | Partially implemented |
| 308-2 | Negative environmental impacts in the supply chain and actions taken | Annual report - Sustainability in procurement. No suppliers have been excluded |
Partially implemented |
| 414-1 | Percentage of new suppliers that were screened using social criteria | Annual report - Sustainability in procurement. 1 new cleaning services provider for SMN has been screened under the group's guidelines | Partially implemented |
| 414-2 | Negative social impacts in the supply chain and actions taken | Annual report - Sustainability in procurement. No suppliers have been excluded |
Partially implemented |
| 417-2 | Incidents of non-compliance concerning product and service information and labeling | Annual report - Responsible marketing of products and services | |
| 417-3 | Incidents of non-compliance concerning marketing communications | Annual report - Responsible marketing of products and services | |
| Fight against economic crime and corruption | |||
| 103-1 | Explanation of the material topic and its Boundary | Annual report - Sustainability | |
| 103-2 | The management approach and its components | Annual report - Responsible operations and management | |
| 103-3 | Evaluation of the management approach | Annual report - Responsible operations and management | |
| SMN-1 | Number of transactions flagged as suspicious, investigated and reported | Annual report - Economic crime | |
| 205-3 | Confirmed incidents of corruption and actions taken | Annual report - Anti-corruption | |
Sustainability report
Annual report and notes
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