5.2 Governance

SZKB’s sustainability governance ensures that ESG-related risks or opportunities are incorporated into the corporate strategy and risk management. SZKB has made commitments to various aspects of sustainability. Topics relating to climate and climate change form an integral and essential part of SZKB’s sustainability strategy and sustainability governance.

Bank Council with Strategy Committee

As part of the company-wide establishment of sustainability, SZKB has established responsibility for the sustainability strategy and governance, and thus also for climate-related risks and opportunities, in the Competence Regulations. These vest responsibility for the sustainability strategy and governance in the Bank Council. Competent Regulations": The Competence Regulations are approved by the Bank Council.

Sustainability Committee

The SZKB Sustainability Committee operates as a steering and decision-making body for sustainability-related issues. It focuses on planning, managing and coordinating cross-departmental measures and activities in the area of sustainability, as well as monitoring ESG risk drivers and key figures from the sustainability strategy. The Sustainability Committee includes the entire Executive Board, members of other SZKB committees, and representatives from relevant departments.

Sustainability Office

The SZKB Sustainability Office, part of the Corporate Development department, supports the Executive Board and Bank Council in defining the strategic sustainability focus and developing the sustainability strategy. It coordinates bankwide and department-specific activities for implementing the sustainability strategy and organises the Sustainability Committee.