The General Meeting is the Company’s highest decision-making body, at which the shareholders exercise their voting rights. At the General Meeting decisions are taken regarding matters such as the annual accounts, dividend, election of the Board of Directors and auditor, and remuneration to Board members and auditor. General Meetings are held in Helsinki.
Nordea's General Meeting 2022
Nordea arranged a separate webcast for its shareholders after the Annual General Meeting on Thursday 24 March 2022.Watch the webcast recording
Latest information about the General Meeting
The Annual General Meeting of Nordea Bank Abp was held on Thursday 24 March 2022 at the headquarters of Nordea in Helsinki by applying extraordinary meeting procedures due to the COVID-19 pandemic. In order to ensure the health and safety of shareholders, employees and other stakeholders, and to organise the meeting in a predictable manner allowing equal means for shareholders to participate, it was not possible to attend the meeting in person.
Shareholder Webcast: Nordea arranged a separate webcast for its shareholders after the Annual General Meeting on Thursday 24 March 2022. A recording of the shareholder webcast is available here.
Dividend: The AGM authorised the Board of Directors to decide on a dividend payment, in one or several instalments, of a maximum of EUR 2,681,667,380 based on the balance sheet adopted for the financial year ended 31 December 2021.
The Board decided on a dividend payment in a single instalment of EUR 0.69 per share to shareholders in accordance with the mandate received from the AGM.
The dividend shall be paid to shareholders who on the record date for the dividend on 28 March 2022 are recorded in the Company’s shareholders’ register maintained by Euroclear Finland Oy in Finland, Euroclear Sweden AB in Sweden and VP Securities A/S in Denmark. Dividend will not be paid to shares held by the company on the dividend record date. The dividend payment date is 4 April 2022 or as soon as possible thereafter. The dividend is paid in a single instalment and no further dividend payments shall be made pursuant to the mandate from the AGM.
Presentations of the Chair of the Board as well as the President and Group CEO
Questions from shareholders and Nordea’s responses
Nordea’s financing to Oil, gas and offshore is down 70% since Q419. Nordea recommends companies to have a transition plan in line with the Paris Agreement. For companies in the fossil fuel industry that means we expect them to invest in and work towards the necessary energy transition. This is also highlighted in one of Nordea’s new sustainability targets for 2025 to “Ensure that 90% of our exposure to large corporate customers in climate-vulnerable sectors to be covered by transition plans by the end of 2025”.
Nordea has, as the first Nordic bank, set tangible mid-term target by 2030 to reduce carbon emissions from our lending and investment portfolios by 40–50% and achieve net zero emissions across the value-chain no later than year 2050. We consider this being aligned with no/low-overshoot 1.5°C transition pathways as specified by credible science-based climate scenarios and following the Net Zero Banking Alliance guidelines.
Nordea recommends companies to have a transition plan in line with the Paris Agreement. For companies in the fossil fuel industry that means we expect them to invest in and work towards the necessary energy transition. It is also clear how we are taking concrete action as Nordea’s financing to Oil, gas and offshore is down 70% since Q419.