The labour market in Sweden has been more resilient than expected, but several signs now indicate that the situation will worsen. There is reason to believe that the deterioration of the labour market will be relatively mild, but a weaker labour market will heighten uncertainties.
Economic growth was healthy in the first half of the year, but the outlook going forward is clearly weaker. Higher interest rates will continue to put pressure on consumers, and residential construction. Demand for exports has also deteriorated as global economic growth has slowed down.
As part of the ambition to reduce greenhouse gas emissions, vehicle taxation has been significantly changed. This has led to a sharp rise in the fleet of electric cars, while the number of diesel cars has declined. Despite this increase, there is still a long way to go to fulfil the ambition of one million zero- and low-emission cars on Danish roads in 2030.
With Nordea present on the sideline – poster company chasing the American dream
The Danish startup Poster & Frame sells and distributes posters across Europe. The next step is to set up an identical business in the US. But that requires capital from a solid and competent investor. And such an investor was not easy to find – until Nordea came to the rescue.
Building a circular economy with waste recognised as raw material
Family-owned Finnish waste management company Kuljetusrinki aims to support the green transition and help its customers achieve their recycling and sustainability targets.
Nordea in Shanghai: A one-stop shop for Nordic companies in China
“Newcomers and other customers often find it very helpful to learn and understand the local market from a Chinese angle. We provide that local perspective and can help explain the relevant local policies and regulations,” says the branch’s general manager, Angela Tu.
Field trip to Texas: Nordea in dialogue with oil and gas companies on emissions reduction
In the blistering heat of Texas, Nordea Asset Management went on a week-long field trip to Houston and the Permian Basin to engage 12 important oil and gas companies in reducing their methane emissions.
Sustainable bond markets are again showing positive signs, with both global and Nordic sustainable bond volumes beating previous years during the first half of 2023. Nordic sustainable loan markets struggled in the interest rate environment of H1 2023, although Finland and Norway showed strong performance.
European Commission adopts European Sustainability Reporting Standards (ESRS)
While many of the reporting areas initially proposed to be mandatory for corporates were diluted to voluntary before being adopted, the European Commission said it aimed to strike a balance between limiting the reporting burden on companies while enabling them to show their sustainability efforts.
Nordea continues to win top rankings in sustainable finance
Global Finance has once again recognised Nordea's sustainability leadership in its 2023 Sustainable Finance Awards. In addition to country wins for Denmark, Finland and Norway, Nordea was also named top bank for transition/sustainability-linked loans in all of Western Europe.
2022 proved to be a formidable challenge for the investor community, says Nils Bolmstrand, Head of Nordea Asset Management, in his introduction to the report.
Danish startup EIVEE on investor speed dating with Nordea
Christopher Thorsell, Head of Strategy & Partnerships at EIVEE, attended Investor Speed Dating Event organised by Nordea Startup & Growth. We asked him why the company decided to go and what they learned.