Nordea sets sector target for cars and vans to lower emissions
Nordea is one of the first Nordic banks to set an emission reduction target for car and van financing that is science-based and aligned with the Paris Agreement. The aim is to reduce emission intensity by at least 40% by 2030 with 2022 as baseline.
Nordea further expands annual sustainability reporting
Reporting on the financial year 2024 will be further expanded as the application of the Corporate Sustainability Reporting Directive (CSRD) modernises and strengthens the rules concerning the social and environmental reporting.
Nordea comments NGO report on carbon footprint of Swedish banks
On January 24, the NGOs Fair Finance Guide Sweden and Swedish Society for Nature Conservation published a report on financed emissions from lending for the five largest banks in Sweden: Handelsbanken, SEB, Swedbank, Nordea and Danske Bank. The report was also mentioned in Swedish media.
The three most important takeaways from the COP28 meeting
COP28 ended this week with a compromise text on fossil fuel, consensus on a renewables and energy efficiency target and progress on a loss and damage fund. Nordea’s sustainability expert Thina Saltvedt reflects on the outcome of the COP28 meeting.
Nordea’s new progress report on climate actions and targets
Today we have published our new progress report “Climate actions and targets for the lending portfolio ”. The report addresses the climate actions we take for the sectors where we have set targets in line with our commitment to the Net-Zero Banking Alliance (NZBA).
Nordea in dialogue with companies about PFAS phase-out
As a responsible investor Nordea has joined the Investor Initiative on Hazardous Chemicals (IIHC) where over 50 asset managers are trying to impact companies to phase out the use of hazardous chemicals.
Decision-makers from 200 nations will gather at the UN climate change conference in Dubai to discuss actions needed to bring the world in line with the goals of the Paris Agreement. Nordea’s sustainability expert Thina Saltvedt reflects on the agenda and on what to expect from this year’s COP.
“Action on climate and nature must go hand in hand”
Today the United Nations Environment Finance Initiative (UNEP FI) publishes the first industry guidance on biodiversity where Nordea has been part of the working group. In this connection Nordea publishes its first thematic guideline on biodiversity.
Anja Hannerz joins the Banking Board of the UN Environment Programme Finance Initiative
The UNEP Finance Initiative brings together a large network of banks, insurers and investors that collectively works across the financial system for more sustainable economies and for giving their customers more sustainable choices.
Green loans are loans meant for sustainable, environmentally friendly purposes, such as reducing CO2 emissions, or purposes contributing to the green transition in society such as developing new environmentally friendly technology.