Introduction to our Thematic and Sector Framework

Read the full Introduction to Nordea’s Thematic and Sector Framework here. 

You can access our full online glossary with the definitions for the Framework here. 

Nordea ensures financial resilience by navigating the transition to a sustainable economy through risk management that protects our business while capturing emerging opportunities. Nordea considers environmental, social and governance (ESG) factors consistently in our internal processes and in decisions concerning customers and other business relationships.  

Nordea recognises that, through lending, investments, capital markets facilitation and procurement, we may be linked to environmental, social and governance impacts or risks arising from activities of our business relationships. To maintain adequate resilience to the negative impacts of ESG factors, Nordea systematically identifies, measures and manages material ESG risks that may have, among others, a negative financial, operational and/or reputational impact.

Nordea’s Sustainability and ESG Policy Framework sets out the principles that guide our approach towards ESG risks. The group level policies listed below are guiding documents are overseen by the Group Board of Directors and cascaded throughout the organisation. Our broader Thematic and Sector Framework translates Nordea Group-level sustainability strategic priorities and risk appetite into practical guidance for employees and for business partners active in sectors with elevated vulnerability to ESG risks. The Thematic and Sector Framework should be read within Nordea’s policy hierarchy in which:

• the Nordea Code of Conduct establishes ethical principles for Nordea employees and guides us in our business relationships
• the Sustainability Policy sets the overall direction and the double materiality approach
• the Human Rights Policy and Diversity & Inclusion Policy clarify expectations towards workers, communities and value chains, and
• Financial Crime governance (including sanctions and AML/CTF) ensures adherence to law.  

Nordea is dedicated to adhering to all applicable rules and regulations in the markets where we operate. We are committed to complying with all applicable sanctions laws and regulations globally and following the sanctions regimes of the EU, UN, US, and the UK on a Group-wide basis, subject to applicable local laws and regulations. In addition to the sanctions that are applied on a Group-wide basis, all Nordea entities comply with sanctions standards that are applicable within their jurisdiction.

Click Accept to see the Sector framework.