Environment

Caring for the environment is an integral part of Nordea's business and operations

Nordea established a common environmental policy in 2002. Since 2002 we have also addressed environmental risks through our corporate credit policies and procedures. We have measured our carbon dioxide (CO2) emissions, which originate predominantly from business travel and to some extent from heating our premises, since 2003. We have performed environmental reporting since 2003.

Operational policies and implemented practices in the Group include waste paper recycling and taking care of environmentally hazardous waste. Use of electronic communication, including video conferencing, is preferred over travel. Electronic banking solutions reduce energy and paper consumption for transactions. Instructions and information are primarily distributed electronically. Environmental aspects are integrated in business planning.

Nordea is a member of networks focused on sustainable business practices and we have signed and are committed to the United Nations Environmental Programme Finance Initiative (UNEP FI) and the United Nations Global Compact. We have also adopted the Equator Principles and the United Nations Principles for Responsible Investment.