Skip to content

Code of Conduct

Our mission is to ensure access to financial solutions for the Swedish export industry on commercial and sustainable terms. As a state-owned company, we are tasked with maintaining confidence in our operating environment.

As employees, including consultants representing SEK, or Board Members of a state-owned company, we act to ensure we retain the confidence of our operating environment. SEK’s Code of Conduct guides us in terms of ethical behavior in daily activities within the company and in our interactions with external parties. You are expected to follow the Code of Conduct and any breach will lead to proceedings.

SEK’s core values

Our core values guide us in how we are to act.

Solution orientation entails that we strive to attain long-term holistic solutions and to resolve challenges efficiently. Moreover, that we act professionally and are proactive and endeavor to see opportunities.

SEK aims toward a work environment that promotes good health and diversity, and to create the preconditions necessary for everyone to, both wish to and be able to, contribute their skills.

Collaboration means we share information and ask colleagues to share their skills. It also means talking to colleagues, listening and talking frankly, helping colleagues to achieve their targets and taking responsibility for the results of the unit.

Professionalism means we strive for simplicity, efficiency and quality in everything we do. It also entails taking responsibility for the big picture, offering our skills and showing great commitment to SEK’s objective of having satisfied clients and a profitable business.

Regulatory compliance

SEK complies with laws, statutes and other regulations applicable to its operations. In order to facilitate compliance, internal rules and routines are issued, and methodological working papers are established. The company’s applicable internal rules are available on the intranet. We are all responsible for complying with the applicable laws, ordinances, regulations and internal rules. You must observe not only the express rules as written, but also the spirit and principles underpinning those rules. As an employee, you have a duty of loyalty to the company. The respective managers are responsible for providing information regarding the applicable rules and procedures, and for reporting any shortcoming in regulatory compliance.

Combating corruption and bribery

Corruption is defined as the abuse of one’s position for one’s own or someone else’s gain. The payment of bribes is also a form of corruption. SEK does not tolerate any form of corruption or bribery, including improper offers of payments or backhanders to speed up the processing of a case. You may not, directly or indirectly, offer, promise, give, ask for or accept a bribe.

Hospitality is intrinsic to our operations and must be clearly connected to our mission. As a state-owned company we have a responsibility to ensure that hospitality is not inappropriate. SEK is very restrictive regarding gifts. Receiving or giving av gift can only occur in exceptional cases and to a symbolic value. Gifts or donations to political parties are not acceptable.

Combating money laundering and terrorism financing

Money laundering is a process aimed at concealing or transforming money or other assets derived from criminal activities. Financing of terrorism consists of providing financial support for terrorism. As a member of the financial sector, SEK has a responsibility for actively preventing and combating all forms of financial crime. We all carry individual responsibility for being alert to circumstances that could lead to the company’s funds being used to finance terrorism or to SEK being used to launder money.

Avoid conflicts of interest

A conflict of interest arises when two or more parties have opposing or potentially opposing interests. All relationships, services, activities and transactions can give rise to conflicts of interest. You are not permitted to administer or take decisions on behalf of the company on matters in which you, or any of your close family or friends, may have a personal interest. Managers are responsible for identifying, analyzing, taking action and documenting conflicts of interest within their own area of responsibility, for example achieving adequate separation of assignments.

Any conflict of interest must be separately identified prior to the implementation of a reorganization, a decision on a new product or line of business, the acceptance of a new business assignment, the engagement of a new supplier, the procurement of services other than audit assignments by the company from the company’s auditor, the recruitment of new employees (both internally or externally) or the engagement of consultants, and otherwise whenever the need arises.

You are not permitted to conduct business or hold other assignments in addition to your employment with SEK without special permission from your manager and your manager’s immediate superior.

Never use inside information

Inside information is information that is not public and which, if disclosed, may materially affect the value of securities. You are not permitted, directly or through nominees, to use inside information or influence other parties to use such information. Nor is it permitted to circumvent these rules by the use of derivatives or a combination of various transferrable securities. All employees are subject to rules prohibiting short-term trading and on compliance with reporting requirements.

Treat others with respect

SEK respects human rights. Our operations do not promote any violations of such rights and we act to prevent the occurrence of such violations. You should contribute to a safe and engaged work environment that promotes good health and diversity. SEK accepts no form of discrimination, bullying or harassment. Nor are any reprisals permitted against any person who has reported or participated in an investigation into the above. You have the right to establish and be members, or not be members, of labor unions and to negotiate collectively.

Treat information and resources with care

Information covers everything from individual employee knowledge to information that is handled by IT systems. The company’s information is a valuable asset that must be protected appropriately according to its value, risk and legal requirements. This applies for all information regardless of its format or where it has been used. IT resources should be used for work-related purposes and treated with care. Information about customers is always confidential. This also applies after termination of employment with or assignment for SEK.

Communicate with respect and good judgment

External communication is important for SEK. It provides us with valuable views and the opportunity to reach out with our messages. Bear in mind that your participation in social media not only reflects your own image but also that of SEK. Always maintain a professional and respectful tone.

Promoting reduced climate and environmental impact

You are expected to act responsibly to reduce the risk of a negative impact on the climate and the environment for the company, both in your daily work and, when travelling and purchasing, by choosing products and services that come with a reduced climate impact.

Noting improprieties

If you experience or if circumstances come to your attention that involve or could lead to a breach of the law, unethical behavior, infringement or suspected breach of the Code of Conduct – you are obligated to report these circumstances. A report can be submitted to the Compliance function, to your direct superior or to HR, or even be submitted anonymously through our “SpeakUp system,” which is available on the intranet and on the website.

SEK is obliged to process your report. Reports of suspected rule violations or breaches of the Code of Conduct will be treated confidentially by the company. SEK does not accept discrimination against or punishment of any individual who reports such information.

Advice and support

When in doubt or when you would like advice, please turn to your immediate manager, HR or the Compliance function.