GRI Index

The table shows SpareBank 1 SMN’s reporting for 2023 with reference to the GRI Universal Standards 2021.

GRI-indicator Indicator - name Indicator - description Response in annual report Source
         
GENERAL INFORMATION
         
Organizational profile
2-1 Organizational details Name of the organization SpareBank 1 SMN  
2-1 Organizational details Location of the organization's headquarters Søndre Gate 4, 7011 TRONDHEIM  
2-1 Organizational details The organization's countries of operations Norway  
2-1 Detaljer om organisasjonen Ownership and legal form SpareBank 1 SMN's organizatonal
set-up
 
2-6 Activities and workers Activities, product and services provided by the organization This is SpareBank 1 SMN
Subsidiaries
 
2-6 Activities and workers Beskrivelse av de bransje og marked organisasjonen opererer i This is SpareBank 1 SMN
Subsidiaries
 
2-6 Activities and workers Sector(s) in which the organization is active This is SpareBank 1 SMN
SpareBank 1 SMN's organizational
set-up

People and organisation
 
2-6 Activities and workers Description of the organization's supply chain Stimulating responsible resource use
in our own value and supplier chains
Website: Guidelines for sustainability in procurement
2-6 Activities and workers Significant changes in sector(s) which the organization is active and other relevant business relationships compared to the previous reporting period Important events in 2023  
2-7 Employees Total number of employees (permanent and temporary) and a breakdown by gender and region People and organization
Staffing
 
2-8 Workers who are not employees Total number of workers who are not employees and whose work is controlled by the organization People and organization
Organization
Staffing
 
2-23 Policy Commitments Policy commitments for responsible business conduct and respect of human rights Corporate governance  
2-28 Membership associations Industry associations, other memberships associations, and national or international advocacy organization in which it participates in a significant role Sustainability and corporate social responsibility
Our obligations
See attachment: SpareBank 1 SMN's memberships
         
Strategy, policies and practices
2-22 Statement on sustainable development strategy Statement from the highest governance body or most senior executive of the organization about the relevance of sustainable development and its strategy for contributing to this Sustainability and corporate social responsibility Sustainability is an integral part of our group strategy and is incorporated into all business lines and support functions including day-to-day operations, customer offering and distribution of community dividend.
2-23 Policy Commitments Describe the organization's values, principals, standards and norms of behavior People and organisation Website: Sustainability policy
2-24 Embedding policy commitments Describe how policies for responsible business conduct are embedded in the organzation's activities and business relationships Stimulating responsible resource use in our own value and supplier chains Website: Sustainability policy
2-25 Processes to remediate negative impacts Describe the organization's commitments and approach has for remedation of negative impacts it has directly or indirectly caused or contributed to Stimulating responsible resource use in our own value and supplier chains Webpage: Group Impact Analysis 2022
2-26 Mechanisms for seeking advice and raising concerns Mechanisms for individuals to seek advice on implementing the organization's policies and practices for responsible business conduct, and raise concerns about the organization's business conduct People and organisation
Organization
Webiste: Whistleblowing procedure
2-27 Compliance with laws and regulation Total number of significant instances of non-compliance with laws and regulations during the reporting period, and instance where fines or non-monetary fines were incurred Corporate governance - point 1 Zero violations, zero fines.
         
Governance
2-9 Governance structure and composition Governance structure, including commitees of the highest governance body that are responsible for decision-making on and overseeing the management of the organization's impacts on the economy, environment, and people. Corporate governance  
2-10 Nomination and selection of the highest governance body Criteria used for nominating and selecting highest governances body members, including whether and how views of stakeholders, diversity, independence and competencies relevant to the impacts of the organization are considered. Corporate governance - point 7  
2-11 Chair of the highest governance body Describe whether the chair of the highest governance body is also a senior executive of the organization, and if so, explain their function, the reasons of such an arrangement and how conflicts of interested are prevented and mitigated. Corporate governance - point 8  
2-12 Role of the highest gonvernance body in overseeing the management of impacts Describe the role of the highest governance body and its senior executives in developing, approving and updating the organization's purpose, values, mission statement, strategies, policies and goals related to sustainable development. Ensuring long-term profitability and competitiveness
Climate risk- and opportunities
 
2-12 Role of the highest gonvernance body in overseeing the management of impacts Describe the role of the highest governance body in overseeing the organizations's due diligence and other processes to identify and manage the organization's impact of the economy, environment, and people   Webpage: Stakeholder dialogue
2-13 Delegation of responsibility for managing impacts Describe how the highest governance body delegates responsibilities for managing the organization's impacts on economy, environment and people. Ensuring long-term profitability and competitiveness
Climate risk- and opportunities
 
2-14 Role of the highest governance body in sustainability reporting If the highest governance body is responsible reviewing and approving the reported information, describe the process. Corporate governance Nettside: Representantskapets oppgaver
2-15 Conflict of interest Processes meant to prevent and mitigate conflicts of interest in the highest governance body.  Corporate governance - point 9  
2-16 Communcation of critical concerns Whether and how critical concerns are communicated to the highest governance body, and the nature and number of critical concerns reported during the reporting period.  Corporate governance - point 10  
2-17 Collective knowledge of the highest governance body Measures taken to advance the collective knowledge, skills, and experience of the highest governance body on sustainable development.  Ensuring long-term profitability and competitiveness
Climate risk- and opportunities
Website: Sustainability policy
2-18 Evaluation of the performance of the highest governance body Independent and internal processes to evaluate the performance of the highest governance body in overseeing the management of the organization's impact on the economy, environment and people. Describe actions taken in response to the evaluations. Corporate governance - point 9  
2-19 Remuneration policies Remuneration policies for members of the highest governance body and senior executives, and how the remuneration policies for relate to their objectives and performance in relation to the management of the organization’s impacts on the economy, environmen Corporate governance Webpage: Remuneration and emoluments to senior personell
2-20 Process to determine remuneration Process for designing its remuneration policies and for determining remuneration Corporate governance Webpage: Remuneration and emoluments to senior personell
2-21 Annual total compensation ratio Ratio of the annual total compensation for the organization's highest-paid individual to the median annual total compensation for all employees (excluding the highest-paid individual), represented as amount and percentage Corporate governance Webpage: Remuneration and emoluments to senior personell
2-30 Collective bargaining agreements Percentage of total employees covered by collective bargaining agreements People and organisation
Staffing
 
         
Stakeholder engagement
2-21 Approach to stakeholder engagement The categories of stakeholders the organization engages with   Webpage: Stakeholder dialogue
2-29 Approach to stakeholder engagement Description of how the organization identifies stakeholders   Webpage: Stakeholder dialogue
2-29 Approach to stakeholder engagement Approach to engaging with stakeholders, and how often the organization includes different stakeholders   Webpage: Stakeholder dialogue
         
Reporting practices
2-2a Entities included in the organization's sustainability reporting Entities included in its sustainability reporting SpareBank 1 SMN, SpareBank 1 Regnskapshuset SMN AS, EiendomsMegler 1 Midt-Norge AS, SpareBank 1 Finans Midt-Norge AS, SpareBank 1 Markets AS, SpareBank 1 SMN Invest AS.  
2-2b Entities included in the organization's sustainability reporting Specify the differences between the list of entities included in its financial reporting and the list included in its sustainability reporting No differences  
2-2c Entities included in the organization's sustainability reporting Explain the approach used for consolidating information Material subsidaries are included in the annual report
See "Important events in 2022".
 
2-3 Reporting period, frequency and contact point Reporting period for, and the frequency of, the organization's sustainability reporting, publication date and contact point for questions about the report Date of publishing: 29.02.2024
Reporting period: 2023
Reporting frequency: Yearly
Contact point: Jan-Eilert Nilsen
E-mail: jan-eilert.nilsen@smn.no
2-4 Restatements of information Report restatements of information from previous reporting periods   Webpage: Climate accounting report 2023
2-5 External assurance External assurance of the organization's sustainability report Auditor's report Website: Auditor's report
3-1a Process to determine material topics Describe the process the organization has followed to determine its material topics Global Reporting Initiative 2021. Webpage: Group Materiality Analysis 2022
3-1b Stakeholders whose views have informed the process of determining material topics Specify the stakeholders and experts whose views have informed the process of determining its material topics   Webpage: Stakeholder dialogue
3-2 List of materials topics List the organzation's material topics Our sustainability work
Our focal areas
Webpage: Group Materiality Analysis 2022
3-2 List of materials topics Report changes to the list of material topics compared to the previous reporting period Our sustainability work
Our focal areas
Webpage: Group Materiality Analysis 2022
         
SPECIFIC INFORMATION
         
Focal area 1: Responsible lending and investments
         
1.1 Preventing and combating economic crime and corruption
3-3 Management of material topics Description and definition of material topics Preventing and combating economic crime and corruption Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Preventing and combating economic crime and corruption Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Preventing and combating economic crime and corruption Webpage: Group Materiality Analysis 2022
404-2a Program for upgrading employee skills Share of managers and employees who have completed e-learning courses in AML and anti-terrorist financing Target 2023: 100 %
Result 2023: 97 %
Target 2024: 100 %
 
SMN-1 N/A Losses due to fraud Target 2023: < 10.000.000 NOK
Result 2023: 15.660.000 NOK
Target 2024: < 22.500.000 NOK
 
         
1.2 Ensuring long-term profitability and competitiveness
3-3 Management of material topics Description and definition of material topics Ensuring long-term profitability and competitiveness Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Ensuring long-term profitability and competitiveness Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Ensuring long-term profitability and competitiveness Webpage: Group Materiality Analysis 2022
FS8 N/A Corporate loan volumes with ESG-score Target 2023: 75 %
Result 2023: 87 %
Target 2024: 90 %
 
FS8 N/A Retail loan volumes with ESG-score Target 2023: 20 %
Result 2023: 0 %
Target 2024: 20 %
 
FS8 N/A Share of loans that meets the requirements of green bonds Target 2023: Under development
Result 2023: 19.1 %
Target 2024: Under development
 
         
1.3 Reducing the carbon footprint in loan portfolios
3-3 Management of material topics Description and definition of material topics Reducing the carbon footprint in loan portfolios Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Reducing the carbon footprint in loan portfolios Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Reducing the carbon footprint in loan portfolios Webpage: Group Materiality Analysis 2022
305-1 Direct (Scope 1) GHG emissions Direct (Scope 1) GHG emissions Reducing the carbon footprint in loan portfolios Webpage: Climate accounting report 2023
305-2 Energy indirect (Scope 2) GHG emissions Energy indirect (Scope 2) GHG emissions Reducing the carbon footprint in loan portfolios Webpage: Climate accounting report 2023
305-3 Other indirect (Scope 3) GHG emissions Other indirect (Scope 3) GHG emissions Reducing the carbon footprint in loan portfolios Webpage: Climate accounting report 2023
305-5 Reduction of GHG emissions Total CO2 emissions from loan portfolios Target 2023: 1.000 (1000 tCO2e)
Result 2023: 1.034 (1000 tCO2e)
Target 2024: SBTi
Webpage: Climate accounting report 2023
         
1.4 Stimulating green transition for customers
3-3 Management of material topics Description and definition of material topics Stimulating green transition for retail customers and corporate customers Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Stimulating green transition for retail customers and corporate customers Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Stimulating green transition for retail customers and corporate customers Webpage: Group Materiality Analysis 2022
SMN-3 N/A Share of homes in loan portfolios with energy rating Target 2023: 90 %
Result 2023: 42 %
Target 2024: 70 %
 
SMN-3 N/A Share of commercial properties in corporate loan portfolio (>1.000m2) with energy rating Target 2023: 75 %
Result 2023: 21 %
Target 2024: 90 % of new exposures
 
         
Focal area 2: Advisory services and customer offering
         
2.1 Expanding the commercial offering of climate-friendly and social products and services
3-3 Management of material topics Description and definition of material topics Expanding the commercial offering of climate-friendly and social products and services Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Expanding the commercial offering of climate-friendly and social products and services Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Expanding the commercial offering of climate-friendly and social products and services Webpage: Group Materiality Analysis 2022
FS8 N/A Sales volume of products and services with an environmental benefit Overall target 2023: 2.000.000.000 NOK
Overall result 2023: 2.516.000.000 NOK
Overall target 2024: 3.000.000.000 NOK
 
FS7 N/A Sales volume of products and services with a social benefit  
         
2.2 Strengthening role-based competence-enhancing programmes with a focus on ESG for our own staff
3-3 Management of material topics Description and definition of material topics Strengthening role-based competence-enhancing programmes with a focus on ESG for our own staff Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Strengthening role-based competence-enhancing programmes with a focus on ESG for our own staff Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Strengthening role-based competence-enhancing programmes with a focus on ESG for our own staff Webpage: Group Materiality Analysis 2022
SMN-2 N/A Category-score for sustainability in Winningtemp Target 2023: 7,4
Result 2023: 7,3
Target 2024: 8
 
         
2.3 Maintaining ethical standards
3-3 Management of material topics Description and definition of material topics Maintaining ethical standards Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Maintaining ethical standards Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Maintaining ethical standards Webpage: Group Materiality Analysis 2022
404-2a Program for upgrading employee skills Share of managers and employees who have completed e-learning course in ethics Target 2023: 100 %
Result 2023: 94 %
Target 2024: 100 %
 
404-2b Program for upgrading employee skills Assistance for employees who intendes to retire, resigning or change work tasks Frequency of employees resigning, retiring or changing work tasks doesn't occur beyond what is pervieced as normal, and assistance to such transiations are not described in further detail  
         
2.4 Complying with requirements and obligations on the processing of personal data
3-3 Management of material topics Description and definition of material topics Complying with requirements and obligations on the processing of personal data Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Complying with requirements and obligations on the processing of personal data Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Complying with requirements and obligations on the processing of personal data Webpage: Group Materiality Analysis 2022
418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data No. of documented complaints of breaches of data privacy or loss of customer data Target 2023: 0
Result 2023: 12
Target 2024: 0
 
         
Focal area 3: Sustainable transition of Mid-Norway
         
3.1 Stimulating innovation and sustainable economic growth
3-3 Management of material topics Description and definition of material topics Stimulating innovation and sustainable economic growth Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Stimulating innovation and sustainable economic growth Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Stimulating innovation and sustainable economic growth Webpage: Group Materiality Analysis 2022
413-1 Operations with local community engagement, impact assessments, and development programs No. of participants in meeting places and innovation activities led by SpareBank 1 SMN Target 2023: 7.000 participants and
250 entrepreneur- and youth enterprises
Result 2023: 5.790 participants and
300 entrepreneur- and youth enterprises
Target 2024: 6.000 participants and
250 entrepreneur- and youth enterprises
 
413-1 Operations with local community engagement, impact assessments, and development programs No. of participants in competence- and development programmes led by SpareBank 1 SMN Target 2023: 50-100
Result 2023: 270
Target 2024: 500
 
         
3.2 Helping to strengthen transition efforts in small and medium-size businesses
3-3 Management of material topics Description and definition of material topics Helping to strengthen transition efforts in small and medium-size businesses Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Helping to strengthen transition efforts in small and medium-size businesses Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Helping to strengthen transition efforts in small and medium-size businesses Webpage: Group Materiality Analysis 2022
SMN-3 N/A Share of large corporate customers with credit engagements who has carbon accounting reports Target 2023: 25 %
Result 2023: 24 %
Target 2024: 25 %
 
         
Focal area 4: Sustainable transition in SpareBank 1 SMN
         
4.1 Stimulating responsible resource use in our own value and supplier chains
3-3 Management of material topics Description and definition of material topics Stimulating responsible resource use in our own value and supplier chains Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Stimulating responsible resource use in our own value and supplier chains Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Stimulating responsible resource use in our own value and supplier chains Webpage: Group Materiality Analysis 2022
SMN-4 N/A Share of the Group's material procurement (> NOK 100 000) from suppliers with carbon accounting reports Target 2023: 50 %
Result 2023: 68 %
Target 2024: 80 %
 
         
4.2 Strengthening data and cybersecurity
3-3 Management of material topics Description and definition of material topics Strengthening data and cybersecurity Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Strengthening data and cybersecurity Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Strengthening data and cybersecurity Webpage: Group Materiality Analysis 2022
404-2a Program for upgrading employee skills Share of managers and employees who have completed digital learning courses in cyber security Target 2023: 100 %
Result 2023: 90 %
Target 2024: 100 %
 
         
4.3 Promoting diversity, inclusion and equality
3-3 Management of material topics Description and definition of material topics Promoting diversity, inclusion and equality Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Promoting diversity, inclusion and equality Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Promoting diversity, inclusion and equality Webpage: Group Materiality Analysis 2022
SMN-5 N/A Minimum category-score Winningtemp on diversity, inclusion and equality: 8 Target 2023: I/A
Result 2023: I/A
Target 2024: I/A
 
         
4.4 Reducing the carbon footprint in day-to-day operations
3-3 Management of material topics Description and definition of material topics Reducing the carbon footprint
in day-to-day operations
Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Description of policies regarding the material topics Reducing the carbon footprint
in day-to-day operations
Webpage: Group Materiality Analysis 2022
3-3 Management of material topics Evaluation of policies and commitments regarding material topics Reducing the carbon footprint
in day-to-day operations
Webpage: Group Materiality Analysis 2022
305-1 Direct (Scope 1) GHG emissions Direct (Scope 1) GHG emissions Reducing the carbon footprint
in day-to-day operations
Webpage: Climate accounting report 2023
305-2 Energy indirect (Scope 2) GHG emissions Energy indirect (Scope 2) GHG emissions Reducing the carbon footprint
in day-to-day operations
Webpage: Climate accounting report 2023
305-3 Other indirect (Scope 3) GHG emissions Other indirect (Scope 3) GHG emissions Reducing the carbon footprint
in day-to-day operations
Webpage: Climate accounting report 2023
305-5 Reduction of GHG emissions Total CO2 emissions from day-to-day-operations Target 2023: 16,4 (1000 tCO2e)
Result 2023: 18,5 (1000 tCO2e)
Target 2024: SBTi
Webpage: Climate accounting report 2023
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Annual report and notes

© SpareBank 1 SMN