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.

Insights

What happened at COP29?

COP29 ended with a new climate finance goal, but the participating countries couldn’t agree on wording describing how countries should move away from fossil fuels. Our sustainability experts Matti Kahra, Tiina Salonen and Stefan Henningsson analyse the outcomes of the global climate summit.

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Sustainable banking

Saving with sustainable focus: How green is green?

Funds that focus on sustainability – what does that really mean? How can investment funds be sustainable and who sets the requirements? More and more people are showing interest in this form of investment and there is regulation in place to support it. Get a quick overview.

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Responsible investments

Time for our work with nomination committees – pushing diversity on the agenda

Nordea is an active owner and this means that we engage with the companies we invest in. One important part of our active ownership work is to participate in nomination committees to prepare for the nomination of board members to the companies’ general meeting.

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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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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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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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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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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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Responsible investments

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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Responsible investments

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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Responsible investments

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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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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