Sustainability is about balancing the environmental, societal and governance factors of development to ensure that we meet the needs of the present without compromising the ability of future generations to meet their needs.
Sustainability
Tech used to solve waste problem in Bergen: A race to turn waste into resources
Did you know that 70 per cent of the waste thrown in residual waste bags in Oslo is put there by mistake? In Bergen the startup Carrot, previously known as WasteIQ, has found a solution, and now they want to conquer Norway – and the world.
Supply chain emissions engagement, Part 1: Benefits and barriers
In the first article in this series on supply chain emissions engagement, we are outlining benefits of engagement with Scope 3 and some ongoing challenges.
Nordic real estate companies are helping to fuel the boom in sustainable debt issuance in the region. Ebba Ramel from Nordea Sustainable Finance Advisory shares the latest ESG and sustainable finance trends in the sector.
Platform on Sustainable Finance: Reports pave way for a broader EU Taxonomy
The Platform on Sustainable Finance has released the EU Taxonomy's Technical Screening Criteria for the remaining four environmental objectives and the Extended Environmental Taxonomy for transitional activities.
Nordea Finance is now launching a new circular IT leasing product in Norway where the aim is to increase the number of recycled and reused computers, printers and other tech equipment.
Recycling champion IceBear has big ambitions for its Dutch operation that produces composite pallet blocks out of recycled waste wood and green energy. After securing financing via a green bond issuance with Nordea’s help, the company recently hit its first major production milestone.
Sustainability reporting: What has changed and what’s to come?
The sustainability reporting landscape is rapidly changing. Cutting through the noise, Nordea’s Sustainable Finance Advisory team has conducted a deep dive to highlight what’s essential. Find the key takeaways and market developments summarised below.
The Social Taxonomy: EU Platform on Sustainable Finance publishes final report
After some delays, the EU expert group consisting of individuals from the public sector, industry and academia, released their final report on the proposed Social Taxonomy. The group took into account feedback received last year and aligned the proposal with new and existing legislation in order to facilitate adherence for companies. This proposal consists of structural suggestions for the design of a social taxonomy, as opposed to specific technical screening criteria, and is expected to form the basis for the future legislative proposal.
In just a few years, sustainability-linked bonds (SLBs) have carved out their place in the sustainable bond market, now representing 10% of total issuance for the year to date. As SLBs gain popularity, potential challenges with the format are beginning to emerge. In this article, we examine some of the difficulties relating to the application of the concepts of materiality and ambitiousness within SLBs and highlight some early research into SLB pricing.
At our Capital Markets Day we presented our new sustainability targets for 2025, together with our updated business plan, strategic priorities and financial target. Nordea also announced that sustainability goals are now linked to the remuneration for senior leaders.