Code of ethics

- Keys to responsible behaviour and decision-making

We at Arion Bank promote high ethical standards and are conscious of the fact that our operations affect different stakeholders and society at large. The code of ethics is designed to serve as a key to responsible behaviour and decision-making at Arion Bank.

The code of ethics applies to the Board of Directors, the Bank's management, and other employees of the Bank. It is the responsibility of the CEO to make sure that the code is adhered to. The code is reviewed annually and confirmed by the Board of Directors.

1. We treat people with respect
   We respect different points of view and we believe that critical debate lays the foundations for good decisions. We treat people with respect and do not discriminate against anyone on the basis of their gender, gender identity, sexual orientation, origin, nationality, skin colour, age, disability or religion or other factor. 
    
2. We protect different interests and are guided by sustainability
   We protect the interests of all the Bank's stakeholders in the long term, i.e. customers, investors, the community and employees. We endeavour to inform our stakeholders of any potential conflicts of interest. We are guided by sustainability and thus meet the needs of our stakeholders without compromising the ability of future generations to meet their own needs.
    
3. We obey the rules
   Our decisions and actions are in compliance with law and regulations. Any uncertainty in this context should be eliminated as far as is possible. We follow our own rules of procedure and improve them if necessary.
    
4. We take responsibility for our actions and environment
   We know our role and take responsibility for our projects and decisions and consider their effect on our stakeholders and environment. We define our role, area of responsibilities and impact broadly and ensure that no projects are overlooked.  
    
5. We can provide rationale for all our decisions
   We take a critical approach and our decisions are based on the merits of each individual case and we can provide stakeholders, i.e. customers, creditors, owners, the community and employees, with rationale for our decisions.

Arion Bank is a signatory to the Global Compact, the United Nations’ corporate sustainability initiative, and was one of the first organizations to sign the United Nations Principles for Responsible Banking (UN PRB). The Bank is thus committed to working towards and promoting sustainable development throughout its value chain.

Code of conduct for suppliers

Code of conduct for suppliers