Sustainable banking

We want to become a bank with net zero emissions by 2050, and we always focus on accelerating our customers’ transition through our support and offerings.

UN17 Village in Copenhagen

Sustainable finance

Sustainable financing for Copenhagen’s landmark construction project UN17 Village

For the first time in the world, all of the United Nations 17 Sustainable Development Goals are integrated into one construction project. To make the project as sustainable as possible in every respect, Nordea has financed it with green bonds and green construction loans.

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Nordea at the PRI awards

Sustainable banking

Nordea receives UN-backed responsible investment award for its work to reduce portfolio companies’ methane emissions

Nordea Asset Management (NAM) receives the prestigious PRI Award for leadership in climate action. This is because of NAM’s extensive engagement with – among others – Exxon Mobil, Chevron and Petrobas to have them commit to reducing methane emissions.

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Gardener using digital tablet for information about new plants

Sustainable banking

What is sustainable financing?

Sustainable financing is a form of financing that takes environmental, social and governance (ESG) considerations into account when setting criteria for the funding.

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Boy climbing up steps on tree

Sustainable banking

Banks make significant strides in net-zero commitments, but challenges persist

The Net-Zero Banking Alliance (NZBA) 2024 Progress Report published today shows that most NZBA banks are taking significant steps towards meeting their climate goals. Nordea is included in the report with a case study of Nordea’s transition assessment tool to support client engagement.

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Field of purple flowers

Sustainable banking

Improving our understanding and management of climate- and nature-related risks

How is Nordea working with climate and nature-related risks? Peter Sandahl, Head of Climate and Environment and Brent Matthies, Head of ESG Framework and Coordination, share insights.

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Worker pulling hand truck

Active ownership

How we use our shareholder impact to promote labour rights

Nordea has extensively engaged for several years with many known consumer brands to improve labour rights at the companies. Recent examples are Tesla, Starbucks and Amazon.

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Green bonds Nordea

Active ownership

Award-winning methane engagement expands reach and impact

Nordea Asset Management has for several years been driving an investor collaboration engaging with oil and gas companies and more recently utilities on reducing their methane emissions. The initiative now includes 65 oil and gas companies and utilities.

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Closeup of team members examine esg related documents

Active ownership

More than 1,000 dialogues with companies on their sustainable transition

In 2023 Nordea’s responsible investment experts engaged in more than 1,000 dialogues with companies in the name of our investment funds. The aim of the dialogues was to discuss how the companies work with topics such as climate change, human rights and governance.

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Car in curved road passing through the mountains

Active management blog

Tesla is one of our long-term engagements

In our work to engage with companies as shareholders, Tesla is a one of them. It is an interesting and challenging company from an ESG engagement perspective and some of the issues we have raised with Tesla range from labour rights, to the size of Tesla CEOs pay package.

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Windmill and oil pump

Sustainability

What is net zero?

Net zero is a term used when talking about reducing greenhouse gas emissions, including CO₂ emissions. The term “net-zero emissions” refers to making sure that the same amount of greenhouse gases emitted are also removed from the atmosphere, making the net contribution of greenhouse gases to the atmosphere zero.

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Anja Hannerz and Peter Sandahl

Sustainable banking

Nordea elected to the Steering Group of the Net-Zero Banking Alliance

Anja Hannerz, Head of Group Sustainability, and Peter Sandahl, Head of Climate and Environment, have been elected to the Steering Group of the UN-convened Net-Zero Banking Alliance (NZBA).

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Friends admiring the view on the banks of a Norwegian fjord

Corporate insights

Nordea’s approach to clients' climate transition plans

By engaging our clients in constructive sustainability dialogues and offering tailored support, we aim to facilitate the journey to a net-zero future while mitigating risks. Our climate transition maturity ladder is a key tool in that effort.

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