Sustainability for TF Bank means conducting responsible operations which contribute to a sustainable societal development. Through actively engaging in sustainability issues that relate to TF Bank’s business operations we take responsibility both as an employer and as a public company.

TF Bank supports UN’s International Declaration of Human Rights and associated conventions. We respect the personal dignity, integrity and rights of every human being.

TF Bank takes a structural approach to sustainability work through four focus areas. These include responsible granting of credit, anti-corruption measures, employee wellbeing and environment and social responsibility. The areas have been selected by the Board of Directors according to order of priority, in view of our business activities and the risks they involve. The main material risks we have identified in each focus area are shown below.

Focus area Identified risk Management of risk
Responsible granting of credit TF Bank contributedto excessive indebtedness in society Analysis of customer’s future ability to pay and current loan situation. Credit will only be granted if there is good reason to believe that the customer will be able to meet their obligations.
Anti-corruptionmeasures Conflict of interest between the employee’s own interests and the Company’s interests Training of staff in the Code of Conduct and ethical conduct
Employee wellbeing Diversity and equality failures Guidelines for diversity and equal treatment.
Environment and social responsibility No material risk identified for TF Bank. Continuous improvements are carried out to reduce the Company’s environmental impact.

In 2019 we have decided on quantified KPI’s linked to our focus areas responsible granting of credit, anti-corruption measures, employee wellbeing and environment and social responsibility. These enable improved monitoring over time.

Responsible granting of credit 2019 2018
Credit losses (%) 3,4 3,9
Anti-corruption measures 2019 2018
Number of reported violations of Code of Conduct 0 0
Employee wellbeing 2019 2018
Employee turnover rate (%) 25,1 17,4
Sick leave (%) 3,3 3,0