In the implementation of the EU Taxonomy, companies covered by the Non-Financial Reporting Directive are required to report on eligibility for the first two EU environmental objectives. Nordea’s Sustainable Finance Advisory team takes a look at how companies are approaching the task.
Nordic real estate companies are helping to fuel the boom in sustainable debt issuance in the region. Ebba Ramel from Nordea Sustainable Finance Advisory shares the latest ESG and sustainable finance trends in the sector.
Platform on Sustainable Finance: Reports pave way for a broader EU Taxonomy
The Platform on Sustainable Finance has released the EU Taxonomy's Technical Screening Criteria for the remaining four environmental objectives and the Extended Environmental Taxonomy for transitional activities.
How a green bond helped this circular economy producer get off the ground
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.
Sustainability reporting: What has changed and what’s to come?
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.
The Social Taxonomy: EU Platform on Sustainable Finance publishes final report
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.
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.
Nordea adviser to the Danish central bank on its launch of sovereign green bonds
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.
Biodiversity reporting: What is on the horizon for 2022 and beyond?
Biodiversity is rapidly climbing investor and corporate agendas. Leaning on years of important but often underutilised work on the importance of biodiversity, recognition is growing, and actors are beginning to align on the issue. In this article, we outline the initiatives likely to shape the conversation and drive more targeted action over the coming years.
A deep dive on social debt: Formats and applications
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.