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Sweden’s IMY fines bank over tracking pixel

In a decision published in June 2024, Sweden’s data protection authority, Integritetsskyddsmyndigheten (IMY), fined Avanza Bank SEK15 million (EUR 1.3 m) for its alleged use of a tracking pixel to send excessive personal data (information about, for example, customers’ securities holdings and account numbers) to the social media company Meta. The IMY said the bank did not take appropriate security measures under the EU General Data Protection Regulation (GDPR) to prevent the transfer of personal data.

ESG and complaint handling

As part of the ESG compliance, the companies concerned must set up an internal or external complaints handling system through which anyone can report risks and breaches of social governance or environmental obligations.

ESG Glossary

In our article, we will briefly and generally present the meaning of the main concepts of the Hungarian ESG regulation.