Aurskog, March 2022
Principles for Responsible Banking
Reporting and Self-Assessment Template
The following table sets out the reporting and self-assessment requirements for Signatories of the Principles for Responsible Banking. Signatory banks need to report on their implementation of the Principles the first time within latest 18 months after signing and annually thereafter (in line with their annual reporting cycle).
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Reporting and Self-Assessment Requirements | High-level summary of bank's response | Reference(s)/ |
Link(s) to bank's | ||
full response/ | ||
relevant | ||
information |
Principle 1: Alignment
We will align our business strategy to be consistent with and contribute to individuals' needs and society's goals, as expressed in the Sustainable Development Goals, the Paris Climate Agreement and relevant national and regional frameworks.
1.1 Describe (high-level) your bank's business model, including the main customer segments served, types of products and services provided, the main sectors and types of activities, and where relevant the technologies financed across the main geographies in which your bank has operations or provides products and services.
Aurskog Sparebank is a regional | Annual report |
savings bank. Our market area is | 2021, page 6- |
Romerike in Viken county, with | 12: |
surrounding areas. The banks' head | https://aurskog- |
office is in Aurskog, and we have | sparebank.no/- |
offices in Bjørkelangen, Årnes, | /media/banker/ |
Jessheim and Sørumsand as well. | aurskog- |
By 2021 Romerike had over | sparebank/doku |
310,000 inhabitants and the area | menter/rapport |
have over time been among the | er/2021/rsrapp |
areas with the highest growth on a | ort- |
national basis. | 2021.pdf?la=nb- |
By the end of 2021 the bank has | NO |
NOK 15,6 billion in business capital. | |
At the same time, the bank had | |
about 23,000 customers. | |
Aurskog Sparebanks main activities | |
are ordinary banking activities with | |
loans to, and deposits from, both | |
private retail and corporate | |
customers. Lending to the | |
corporate market accounts for | |
approximately 25 % of total lending | |
and the remaining 75 % to retail | |
market. | |
We are a total supplier of products | |
within financing, savings, and | |
payment services. In addition, we | |
sell products within fund savings | |
and asset management, as well as | |
insurance. We contribute to | |
financial growth and security for | |
private customers and local | |
businesses. | |
Our operations are built around | |
the core values of being local, | |
relationship- and customer- | |
oriented, paired with personal |
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competence and service. Our | ||
strategy is based on stability and | ||
long-term perspective, and clear | ||
requirements for the ability and | ||
willingness to quickly adapt to | ||
changing framework conditions. | ||
The bank is organized along five | ||
main lines: retail market, corporate | ||
market, savings and investment, | ||
call centre, finance and | ||
governance. | ||
Aurskog Sparebank is a member in | ||
The Eika Alliance that consists of | ||
about 50 self-owned, local banks. | ||
1.2 Describe how your bank has aligned | As a bank, we have an influence on | Sustainability |
and/or is planning to align its strategy to | most of the UN's sustainability | strategy: |
be consistent with and contribute to | goals. We have selected four of the | https://aurskog- |
society's goals, as expressed in the | UN's sustainability goals, which are | sparebank.no/- |
Sustainable Development Goals (SDGs), | the priority goals for our business. | /media/banker/ |
the Paris Climate Agreement, and | We have chosen to prioritize goals | aurskog- |
relevant national and regional | 4, 5, 8 and 11. Corporate social | sparebank/doku |
frameworks. | responsibility is an important part | menter/Baerekr |
of our business, something we plan | aft/Sustainabilit | |
to strengthen in the time ahead. | y- | |
Sustainability and ESG will be | strategy.pdf?la= | |
integrated throughout the | nb-NO | |
organization. We have worked | ||
dedicated on this topic, especially | Annual report | |
in the last 2-3 years. Good | 2021 page 83- | |
knowledge of sustainability among | 110: | |
our employees is vital to achieve | https://aurskog- | |
our goals. We have started but | sparebank.no/- | |
must further educate our | /media/banker/ | |
employees and increase our | aurskog- | |
competence. | sparebank/doku | |
The bank will aim to align our | menter/rapport | |
activities with the UN's | er/2021/rsrapp | |
Sustainability Development Goals | ort- | |
and the Paris Climate Agreement. | 2021.pdf?la=nb- | |
We have implemented | NO | |
sustainability in our strategy as | ||
well as in our daily work, but this | ||
must be further implemented over | ||
the coming years. | ||
For 2021 we merged our annual | ||
report and our sustainability | ||
reporting. And we implemented |
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the TCFD framework in the annual reporting for 2021.
We will implement the GRI standards in our next annual reporting for 2022.
Principle 2: Impact and Target Setting
We will continuously increase our positive impacts while reducing the negative impacts on, and managing the risks to, people and environment resulting from our activities, products and services. To this end, we will set and publish targets where we can have the most significant impacts.
2.1 Impact Analysis:
Show that your bank has identified the areas in which it has its most significant (potential) positive and negative impact through an impact analysis that fulfills the following elements:
- Scope:The bank's core business areas, products/services across the main geographies that the bank operates in have been as described under 1.1. have been considered in the scope of the analysis.
- Scale of Exposure:In identifying its areas of most significant impact the bank has considered where its core business/its major activities lie in terms of industries, technologies and geographies.
- Context & Relevance:Your bank has taken into account the most relevant challenges and priorities related to sustainable development in the countries/regions in which it operates.
- Scale and intensity/salience of impact:In identifying its areas of most significant impact, the bank has considered the scale and intensity/salience of the (potential) social, economic and environmental impacts resulting from the bank's activities and
We started to work on the impact | Annual report |
analysis in line with UNEP FI's | 2021 page 83- |
methodology in 2021. We have | 110: |
had workshops together with Eika | https://aurskog- |
Gruppen and other banks that | sparebank.no/- |
have also signed PRB, as well as | /media/banker/a |
internal workshops. The goal is | urskog- |
finishing the impact analysis in | sparebank/doku |
2022. | menter/rapporter |
/2021/rsrapport- | |
Eika Gruppen have conducted an | 2021.pdf?la=nb- |
impact analysis that they made | NO |
on behalf of both the Eika | |
Gruppen and the alliance banks. | Sustainability |
We have contributed to the work. | strategy: |
The report was published in | https://aurskog- |
December. We will go through | sparebank.no/- |
the analysis and customize it to | /media/banker/a |
our business during 2022. | urskog- |
sparebank/doku | |
Responsible lending, green | menter/Baerekraf |
products and responsible asset | t/Sustainability- |
management are areas where we | strategy.pdf?la=n |
have the greatest potential for | b-NO |
influencing climate and | |
environmental conditions by | |
setting requirements and | |
managing capital in a sustainable | |
direction. We aim to be an | |
adviser and a positive contributor | |
to customers' restructuring and | |
green investments. Sustainability | |
and climate risk are to be a | |
permanent part of our risk | |
management and credit |
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provision of products and services.
(your bank should have engaged with relevant stakeholders to help inform your analysis under elements c) and d))
Show that building on this analysis, the bank has
- Identified and disclosed its areas of most significant (potential) positive and negative impact
- Identified strategic business opportunities in relation to the increase of positive impacts / reduction of negative impacts
assessment of credit cases in the corporate market.
Please provide your bank's conclusion/statement if it has fulfilled the requirements regarding Impact Analysis.
Aurskog Sparebank has not yet fulfilled the requirements regarding the Impact Analysis but have made good progress the last year.
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Aurskog Sparebank published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 14:32:04 UTC.