About this report This report covers Sydbank’s sustainability efforts during the period 1 January – 31 December 2020 and meets the current requirements regarding CSR reporting pursuant to section 135b of the Danish executive order on financial reporting of credit institutions and brokerage firms etc. This applies in particular with regard to the 5 mandatory reporting areas: social issues, climate issues, environmental issues, human rights and anti-corruption measures. The report also meets the requirements of the UN Global Compact concerning the submission of a Communication on Progress (CoP). Sydbank’s CoP must describe and provide documentation of Sydbank’s efforts to support and uphold the 10 UN Global Compact principles and possibly also the 17 SDGs. Explanation of terms This report uses many terms all of which are related to the umbrella term “sustainability”. Sustainability encompasses several elements: social, economic and environmental sustainability. A common definition of sustainability is found in the Brundtland report (Our Common Future) from 1987. The report describes sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. Therefore when sustainability is used in this report it is a broad term covering several aspects to ensure a balance in our basis of existence without endangering the basis of existence of future generations. 4 SYDBANK / CSR Report 2020
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