The UN Sustainable Development Goals
In 2021 we put a lot of effort into identifying our impact on the climate and environment. By means of a deeper analysis of our business and a climate calculation of our own operations, customer investment portfolios and the loan and treasury portfolios, for 2022 we have chosen to focus on the following goals, in keeping with UN sustainable development goals number 6, 7, 8, 12, 13, 14 and 15. Based on our current knowledge, we can see that our emissions have a particularly negative impact in terms of climate and environment on these goals.
Welcome to the Bank of Åland Plc
A big bank in Åland. A small bank in Finland and Sweden. A secure, stable bank with satisfied customers. Would you like to join us?
Sustainability governance
Sustainability issues are an integral part of the Bank of Åland's regular operational management, with the Board of Directors, Executive Team and other employees all assuming clear roles.
Responsible investments
Our ambition is to obtain a basic knowledge of the operations of the companies we invest in and, above all, thoroughly examine the sustainability of these business operations. We apply an active asset management approach. All asset management is conducted in a responsible manner. The responsible investment process applies to all funds managed by the Bank of Åland as well as to our broader asset management business.
Climate targets
During 2021 we established the Group’s climate targets, which support the Paris Agreement and its important goal in the fight against climate change:
Materiality analysis
The purpose of our materiality analysis is to identify areas for sustainable development in both the short and long term. This analysis helps us to determine what is essential for us to continue focusing on and developing. It includes monitoring of global events, identification of our stakeholders and their interests and identification of our impact from a sustainability perspective. The annual materiality analysis, together with our sustainability strategy, forms the basis for sustainability plans.
About sustainability
The Bank of Åland’s ambition is to be the preferred value-generating bank for ambitious people and companies that value relationships. We strive to run our business sustainably in the long term − financially as well as socially and environmentally. This requires us to be aware of how our operations and way of running our business affect individuals, society and the earth, now and in the future.