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.
Sustainable banking
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.
Nordea sets sector targets for power production and agriculture
The new sector targets are important tools in reducing carbon emissions across Nordea’s lending portfolio and in supporting our customers in two sectors that are crucial for a net-zero future.
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.
Green bonds are bonds where the money from the bonds are earmarked for green purposes such as financing renewable energy projects, electric vehicles or energy efficient building loans to consumers or businesses.
What does it mean to invest responsibly? There are several strategies to consider and combine if you are an investor with focus on responsible investing in addition to a profitable return.
ESG is used as a model for investing and screening. ESG stands for Environmental, Social and Governance. This is also called sustainability in many cases.
Active ownership is when shareholders engage in a company they have invested in to influence the company’s strategy and actions. It is a method often used in responsible investing to directly influence a company’s decisions.