Sustainability and responsibility

We create opportunities for a better everyday life.

Our sustainability approach

Today, some of the biggest challenges facing our society are climate change, inequality, unsustainable consumption and a lack of well-being for many people. Our vision is to create opportunities for a better everyday life and a healthy economy by offering simple, fair and affordable services for the many people and businesses.

We work with sustainability as an integrated part of our operations and strive to contribute to a more sustainable future.

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Our focus areas

How can we best contribute to making a difference? Anchored in the UN's sustainability goals, we have decided to focus on three areas.

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Responsible business

We have high ambitions when it comes to professional conduct and operating in an open, honest and ethical manner. Our efforts include:

  • Combating money laundering, fraud and cyber threats.
  • Requiring our business partners to meet our standards for environmental responsibility, social responsibility and responsible business conduct.

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Environment

We aim to play our part in the green transition by focusing on areas such as:

  • Reducing emissions from our own operations.
  • Reducing our financed emissions.

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Social sustainability

We strive to provide an inclusive workplace that promotes gender equality and to ensure that our customers receive services that meet their needs. Our focus areas include:

  • Diversity and gender equality among our co-workers.
  • Ensuring that our products and services are accessible to all customers, whatever their needs may be.

Our commitments

We support international commitments and frameworks such as the UN 2030 Agenda, the Paris Agreement and the UN Global Compact, which guide our long-term sustainability objectives. We actively manage our emissions in accordance with the Greenhouse Gas Protocol.

We have integrated principles relating to human rights, labour standards and anti-corruption into our operations and policies, including our Code of Conduct and the Ikano Bank Partnership Policy Code.

We also operate in accordance with the Modern Slavery Act and the Transparency Act.

Part of a wider sustainability effort

Our founder, Ingvar Kamprad, established the IKEA Foundation in 1982 to help create better living conditions for children and families around the world.

Today, the IKEA Foundation is an independent philanthropic organisation working to combat climate change and improve people’s lives. As part of Ingka Group, we have the opportunity to learn from and share knowledge about its work.

Social days

At Ikano Bank, we actively encourage our employees to use one paid working day per year to work for a local charity or in a local sustainability project. With this day, we want to increase employees' sustainability commitment and we encourage everyone to actively reflect on how we can give back to our society in a meaningful way.

Supporting local charities and initiatives

Our co-workers are actively involved in choosing which causes we support. They nominated and voted for the Children’s Bereavement Centre (CBC) to become our charity partner for 2020-23. They were asked to nominate charities close to their heart for the vote, in line with Ikano’s charity policy, which focusses on children and vulnerable adults in the local area. We aim to raise as much money as possible for the CBC through our co-workers’ fundraising endeavours and planned events, like an annual charity pub quiz. We’ll match pound-for-pound, anything raised for the CBC by our co-workers so that children and their families who are affected by terminal illness or death can access the support and guidance they need.