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Report on the BANK of Greenland's CSR in 2019

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Report on the BANK of Greenland's CSR in 2019 CORPORATE SOCIAL RESPONSIBILITY Report 2019 WHO WE SUPPORTED IN 2019 CONTENTS Foreword 2-3 SOMMERSKOLE I TASIILAQ KS69 Section 1 4 ARCTIC CIRCLE RACE KAGSSAGSUK FUTURE GREENLAND FODBOLD CSR policy and strategy 4-5 MAAJI NUAN KAGSSAGSUK HÅNDBOLD How the work is organised 6-7 AVANNAATA QIMUSSERSUA SISIMIUT ARCTIC GM SNOWBALL SPORTS GM Sustainable Development Goals SDGs 8-9 KNQK SAK HÅNDBOLD Primary 8 SNOW FESTIVAL BAT 98 QIAJUK QITIK ACR 2019 Secondary 9 ISP KATUAQ Section 2 10 AASIAAT MARATHON WWF KANGIA KIDS 19 KANGIA RACE LIONS CLUB ILULISSAT Targets and activities in 2019 10 KAAK - KALAALLIT DHL KOEFOED SKOLE Financial understanding 10 ASSAMIK ARSARTARTUT SARFAQ CITY RUN KATTUFFIAT HJERTELIVET Digital and physical accessibility 11 KAK KALAALLIT ARSAR- JULEMÆRKE Mind Your Own Business 12-13 TARTUT KATTUFFIAT LIONS JULEBINGO B-67 ARSARTARTUT Voluntary work 14 TASERMIUT MARATHON - FODBOLD LEIF DEN LYKKELIGE Qaqisa 15 ESG ELITE SPORT MARATHON GREENLAND Saligaatsoq 15 ROTARY DANMARK RUNDT QAJAQ GM I QAQORTOQ Small stories about the bank’s CSR work 16-19 B-67 SULORARTARTUT K 1933 HÅNDBOLD GM - BADMINTON Section 3 20 QSAP GM I SKIKLUB GE TORRAK FODBOLD- UN Global Compact – activities and targets in 2019 20 KALAALLIT RØDE TURNERING KORSIAT QAQORTOQ NERIUFFIK LANDSIND- Environment and sustainability 21-23 INNERUULAKKULUUT/ SAMLING KLIMA EMNE UGE Human rights 24-25 TASIKULUULIK Labour rights 26-27 RACE AALASA Anti-corruption 28-29 QSP SLALOM Section 4 30 LIONS BINGO QAQORTOQ Reflections on the challenges in 2019 30-31 Section 5 32 Evaluation of the bank’s social responsibility 32-33 Annex CSR-report 2019 3 FOREWORD Our CSR initiatives in relation to financial understanding have spe- “cial focus on various different target groups with special needs, such as the socially vulnerable and children and adolescents. Where possible and relevant, we will enter into partnerships with the public sector, and other companies, organisations and associations with the same interests… (Excerpt from the BANK of Greenland’s CSR policy) ” he BANK of Greenland reflects Greenland’s Our CSR work is a natural part of our vision for society. When society is prospering, the bank 2023: “Greenland’s best company – for the benefit will also flourish. of Greenland.” We consider working with CSR and T SDGs to be fundamental to society’s development. As Greenland’s largest financial operator, this en- This also means that we have the ambition to make tails a commitment to create value in society in our contribution, and also the managerial task of addition to the core business. Sustainable growth balancing the past, the present and the future, so in society is a natural focus area, but the afore- that goals and efforts are tangible and are achieved. mentioned quotation from the bank’s CSR policy shows where the bank has focused its initiatives This report will show where our efforts are focused, in order to also make a contribution in a broader our goals and how we believe we can succeed. The societal context. report also presents the status of the implementa- tion of the UN’s 17 Global Goals for Sustainable 2019 was characterised by the continuation of a Development (SDGs) on which the Bank has cho- number of key activities, but also by new initiatives. sen to focus its initiatives. We are also continuing We have partnered with Mind Your Own Business’ the implementation of the UN Global Compact’s project for young boys, because we believe that ten principles concerning the environment, human partnerships can achieve far more than if we act rights, employee rights and anti-corruption. alone. This report has been prepared in accordance with In September, the bank received a COP prize Sections 135 and 135a of the Danish Accounting from Global Compact Network Denmark and Order. FSR - Danish Auditors. We are pleased with this recognition of our CSR reporting, but without our We hope that our readers will find the report to be employees’ continued CSR work, it would not have informative, and that it will serve as useful inspiration. had any real content. We will naturally work to be even better at reporting, by creating sustainable Nuuk, 27 February 2020 value, for the benefit of Greenland. Martin Kviesgaard, Managing Director Section 1 CSR-report 2019 5 Figure 1. CSR Strategy 2.0 Sustainable economic development and opportunities to act accordingly CSR POLICY Strategic core element: We will promote FINANCIAL UNDERSTANDING DKK BN 12BUSINESS .7 SCOPE for individuals and the whole of Greenland AND STRATEGY – since this will ensure our future sustainable economic development The BANK of Greenland’s CSR policy was drawn initiatives on a broad basis, to ensure Access to advisory services Voluntary contributions up in dialogue with the bank’s stakeholders and their financial understanding, and also to support and credit financing during working hours evaluation of the BANK of Greenland’s CSR initia- other CSR-related projects. 50,379CUSTOMERS tives in 2010-2015. The bank’s CSR work is based on this policy, with the overall objective that the bank’s The cornerstone of the strategy is to create sus- initiatives must contribute to resolving challenges in tainable economic development for our custom- society and to creating sustainable growth, for the ers. This requires a focus on environmental sus- benefit of Greenland. tainability, education, etc. We know that financial We are working continuously to live up to our insight is required, in order to use the financial op- Global Compact obligations and to improve our 13EMPLOYEES 0 efforts with regard to the environment, employee The bank’s CSR work is also based on the bank’s portunities that are open to us. The bank’s stake- conditions, human rights and anti-corruption vision for 2023: “Greenland’s best company – for the holders have pointed to this particular aspect as benefit of Greenland.” In addition, the bank’s values one of the most important areas in which (Commitment, Decency, Customer-oriented and the bank can make a difference. We Development-oriented) are implemented in the therefore wish to use our expertise to Ilulissat CSR work up to 2023. help to create greater financial under- Aasiaat 6 standing throughout Greenland. BRANCHES The business objectives are to contribute to sustain- able economic growth and to maintain the bank’s “Creating financial understanding” Sisimiut The BANK of Greenland’s mission reputation as a credible and stable bank. This reputa- is a means to create opportuni- tion also helps to retain customers’ and employees’ ties for the individual or family, so The BANK of Greenland creates value loyalty, thereby contributing to ensuring satisfactory that the right choices are made. Maniitsoq through advisory services and other services in the long-term economic operation. The work on financial under- “ standing is directed primarily at financial area for all citizens of Greenland. We support To support the bank’s efforts to create financial target groups who are covered by Nuuk society by promoting financial understanding, cooperating understanding, we will continue to work to make our CSR activities, and who have a our advisory services and credit financing more need for greater financial understand- with educational institutions and the business community, accessible outside our primary market area. We ing, such as children/young people, the and supporting sustainable local initiatives and development wish to continue to involve our employees in these socially vulnerable, etc. Qaqortoq ” Section 1 CSR-report 2019 7 Administration director CSR steering group Working Group for Environmental team Financial Understanding HOW THE WORK Working Group for Working Group for Social and Voluntary Access to Advisory Services IS ORGANISED Involvement and Credit Financing The overall responsibility for the bank’s CSR ering the existing strategy. In 2019, the steering initiatives is held by the administration director, group had nine members. In March 2013, the who keeps the Executive Management continu- BANK of Greenland endorsed UNGC, which is ously informed of the progress of this work. The the UN programme for companies’ and organi- bank’s CSR work is also anchored in a steering sations’ social responsibility. Members of UNGC group which comprises the administration direc- must submit an annual report on the progress of tor, the CSR secretary, the HR manager, and the their work on the programme. This is the bank’s primary persons responsible for key areas cov- seventh report as a member. Carsten Th. Pedersen Administration director Section 1 CSR-report 2019 9 SUSTAINABLE SUSTAINABLE TOWNS AND LOCAL COMMUNITIES The BANK of Greenland’s ambition is to be to the DEVELOPMENT GOALS benefit of the whole of Greenland. This includes that the bank will contribute to creating a sustain- able capital city and regional key towns with con- siderable growth potential, and to helping smaller local communities whose populations are declining. The bank can achieve this by e.g. ensuring availabil- ity and financing outside the market areas. In 2019, our advisers visited towns to the north, south, east Secondary and west outside the towns with branches. PARTNERSHIPS NO POVERTY The aim of the UN’s 17 Global Goals for Sustain- We have made a careful selection of the goals FOR THE GOALS able Development (SDGs) is to help to resolve for which the bank can exert particular influence. some of most urgent global problems before 2030. Below, the report distinguishes between primary The latest figures from Statistics Greenland un- The BANK of Greenland is involved in various pri- and secondary areas. The primary areas are more fortunately show that the Gini coefficient is rising vate and public partnerships for cohesive action The SDGs focus on how organisations can con- deeply anchored in the bank’s CSR strategy and in Greenland, while it is either falling or stagnating in such areas as education, the environment, social tribute to achieving the goals.
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