About this report This report covers Sydbank’s sustainability efforts during the period 1 January – 31 December 2021 and meets the current requirements regarding CSR reporting pursuant to section 135b of the Danish executive order on financial reporting of credit in- stitutions 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. Furthermore the report includes reporting pursuant to Article 8 of the Taxonomy Regulation on whether Sydbank’s assets can be considered taxonomy-eligible. The report also meets the requirements of the UN Global Com- pact concerning the submission of a Communication on Progress (CoP). Sydbank’s CoP must describe and provide documentation of the Bank’s efforts to support and uphold the 10 UN Global Compact principles and possibly also the 17 SDGs. Finally the report includes Sydbank’s first reporting on the inte- gration of the UN Principles for Responsible Banking (page 56). Reporting will take place on an ongoing basis in the report in the sections where it is relevant. This Danish version of the report has been reviewed (ISAE 3000, limited assurance) by an external auditor to obtain limited assur- ance for data covered by the auditors’ report. In 2021 Sydbank carried out an audit firm rotation from Ernst & Young to PwC as a consequence of Article 17 as well as point (1) of Article 41 (transitional provisions) of Regulation (EU) No 537/2014 of the European Parliament and of the Council. Explanation of terms This report uses many terms all of which are related to the um- brella term ‘sustainability’, which encompasses 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 genera- tions 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 2021 100% recycled paper
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