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Varbergs Sparbank – ESG risk research and ESG rating
We at sustainAX have ESG risk researched and ESG risk rated Varbergs Sparbank and our clients can access the reseach on their Bloomberg terminals.
Varbergs Sparbank is in the materiality based sector of FINANCE.
Our ESG risk research of Varbergs Sparbank
Our approach to ESG research is fundamental, that means that we have studied all relevant publications by Varbergs Sparbank and combined this with fundamental understanding of ESG challenges and risks of different activities and for the FINANCE sector. This makes us well placed to estimate the ESG risks of Varbergs Sparbank. We have published a 33 pages ESG research report on Varbergs Sparbank with a conclusion highlighting the most important residual risks, a section suggesting how it should be integrated in investment decisions and a list of all the questions we think should be asked to Varbergs Sparbank.
More about our ESG risk research here: https://www.sustainax.com/index.php/esg-research/
AGGREGATED ESG RISK RATING* for Varbergs Sparbank:
60-80 of 100
Low risk
Where 100 is the lowest ESG risk and 0 is the highest risk.
*The ESG, E, S and G risk rating ranges indicate to what degree Varbergs Sparbank has addressed and mitigated their material ESG risks according to the sustainAX materiality matrix. sustainAX’ clients have access to the exact ESG risk rating.
**The weight in the aggregated ESG rating
Environmental RISK RATING* and WEIGHT** for Varbergs Sparbank:
40-60 of 100 – Middle risk
28%
Social RISK RATING* and WEIGHT** for Varbergs Sparbank:
40-60 of 100 – Middle risk
31%
Governance RISK RATING* and WEIGHT** for Varbergs Sparbank:
60-80 of 100 – Low risk
41%
What the company say about themselves:
Since 1836, we - together with our customers - have been involved in developing our city to become an even better place to live and work in for all. Our entire profit stays in Varberg. By being an economically strong bank, we can grow with Varberg and give our customers opportunities to develop. Through our sponsorship, we contribute to the work of business and associations, and through the grant that our foundation distributes, we support the development of the region in associations, sports, culture, business, research and education. So it was in the past, so it is now and so it will be in the future. This is what is called the Sparbank iden - a sustainable idea that is today more modern than ever. During 2022, 135 applications were granted to the foundation as well as 125 sponsorship agreements from the bank for a total of 43.5 million for activities that create community benefit in Varberg.
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