Sven's medal was given to him as Elsa, when he and Kristoff were made the Ice Masters and Believers of Arendelle.
History
After Elsa ended the endless winter and brought Summer back to Arendelle, Anna gave Kristoff the sled that she promised him and Elsa to name him and as Sven the Ice Masters and Believers. Sven wore the silver medal when Anna showed his human friend their new sled.
Trivia
- The snowflake on the medal is the same as the snowflake that is seen in the film's titles, and sometimes appears when Elsa uses her powers.