Insights
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.
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Insights
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.
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Insights
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.
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Insights
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.
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Sustainable finance
A new chapter opened on the Danish government bond market with the central bank’s first issue of sovereign green bonds. Nordea was the structuring adviser on the government’s issue of this new type of financial instrument.
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Insights
The pandemic catalysed an explosion in issuance of social debt, most prominently by sovereign issuers. While the share of social bonds issued has now decreased as pandemic bonds are phased out, investor appetite for the new format remains. We explore how social issues can be integrated into existing debt formats and how they can differ in their application.
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Insights
The Kingdom of Denmark's first green bond auction in January drew strong investor demand and a large green bond premium, or "greenium," of 5 basis points. Our experts explain why.
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Insights
Nordea Sustainable Finance Advisory's Juho Maalahti is eager to help companies and investors tackle new challenges in the fast-developing world of sustainable finance.
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Insights
The European Commission this summer released its proposed voluntary standard for European green bonds. Now the European Central Bank argues that the standard should be made mandatory. Nordea’s Sustainable Finance Advisory team takes a closer look at the ECB’s view on risks, benefits and practical implementation.
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Insights
Net-zero commitments from companies have taken off in recent years. Now, the Science Based Targets initiative has launched a new science-based certification for those corporate targets. Can it make net-zero pledges more credible?
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Insights
COP26 turned out to be the net zero COP, says Nordea climate specialist Stefan Henningsson, who recently returned from the UN climate summit.
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Insights
Sustainable finance experts from Nordea, Ericsson and Credit Agricole CIB gathered at the virtual COP26 Backdoor to discuss the upsurge in sustainability-linked debt.
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