Payments and sustainability

In its work for a secure payment system, the Riksbank’s objective is to ensure sustainability by preventing money laundering in conjunction with the redemption of invalid banknotes. We are also taking account of sustainability under the framework of development work for an e-krona. This is connected to Goal 16 of the 2030 Agenda. In its work for an efficient payment system, the Riksbank shall ensure sustainability by deepening its knowledge of the climate impact of various payment instruments.

In the Riksbank's work of providing banknotes and coins, it considers sustainability aspects in many ways, including in the work of designing banknotes and coins, in procurements and agreements, and in the Riksbank’s handling of banknotes and coins. In this work, the selection of materials and distribution of denominations are important factors for obtaining an efficient, environmentally-friendly and sustainable banknote and coin series. The Riksbank requires the manufacturers of our banknotes and coins to have ISO certification concerning quality, the environment and the working environment, and to have developed Corporate Social Responsibility (CSR) work. When the Riksbank destroys worn and invalid banknotes, the waste material is burned and used for district heating, while worn and invalid coins are sold to be melted down and recycled.

Furthermore, the Riksbank follows developments on the payment market and analyses the use of cash and alternative means of payment in the economy to be able, if necessary, to adapt its operations to changes in society.

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Updated 17/12/2020