Modern Slavery Act Statement
The UK Modern Slavery Act 2015 requires that certain organisations annually state the actions that they have taken to ensure that modern slavery and human trafficking do not occur in their supply chains or in their operations. Handelsbanken’s view on sustainability, ethics, modern slavery and human trafficking is expressed in the following documents:Actions taken in 2017

The Handelsbanken has a code of conduct for its major suppliers. The code defines the expectations Handelsbanken has on its suppliers and their sub-contractors. During 2017, the implementation of the code of conduct continued and suppliers representing more than 70 percent of global purchases had signed the Code by year-end.

Sustainability aspects are a vital part of the Bank’s credit policy. The credit policy states that the Handelsbanken’s lending must be responsible and meet high demands for sound ethical standards. In 2017, new instructions were implemented in the credit process globally, which require the Bank to analyse and document sustainability risks in lendee companies, amongst other things, the company’s approach and governance in relation to human rights and working conditions.

Group-wide mandatory training on sustainability and ethics, including human rights and working conditions, was rolled out in 2017 and completed by the Bank’s employees in all jurisdictions.

Internal instructions and procedures are in place, so that employees understand how they are to respond if they are faced with, or suspect, a case of modern slavery or human trafficking.

This statement has been approved by the Board of Directors of Svenska Handelsbanken AB on 21 March 2018.

Anders Bouvin, CEO and Director, Svenska Handelsbanken AB

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