Empowering our workforce: Nordea launches bespoke ESG training curriculum
Nordea’s Large Corporates & Institutions unit continues to invest in building the ESG expertise and skills of staff to help accelerate the transition. A new modular sustainability training programme allows employees to tailor the curriculum to their specific needs and roles.
Sustainable bond markets are again showing positive signs, with both global and Nordic sustainable bond volumes beating previous years during the first half of 2023. Nordic sustainable loan markets struggled in the interest rate environment of H1 2023, although Finland and Norway showed strong performance.
European Commission adopts European Sustainability Reporting Standards (ESRS)
While many of the reporting areas initially proposed to be mandatory for corporates were diluted to voluntary before being adopted, the European Commission said it aimed to strike a balance between limiting the reporting burden on companies while enabling them to show their sustainability efforts.
Nordea continues to win top rankings in sustainable finance
Global Finance has once again recognised Nordea's sustainability leadership in its 2023 Sustainable Finance Awards. In addition to country wins for Denmark, Finland and Norway, Nordea was also named top bank for transition/sustainability-linked loans in all of Western Europe.
Beyond climate: Sustainability-linked loans embrace diverse targets
Loans linking borrowing costs to sustainability targets have surged in recent years. While sustainability-linked loans have tended to focus on climate-related goals, borrowers are increasingly going beyond climate to include social targets in their financing.
EU Taxonomy: The period of misalignment for sustainable finance
This year marks the most complete test yet on how well the proposed regulatory elements and labels from the European Commission’s action plan on sustainable finance will work together. In addition to providing transparency to the market, the EU Taxonomy is a cornerstone of the forthcoming European Green Bond Standard (EUGBS) as it provides the definitions of “green” for European Green Bonds.
A check-in on Nordic companies’ EU Taxonomy reporting
This year marked the inaugural year for companies in scope for EU Taxonomy reporting to disclose not only eligibility, but also EU Taxonomy alignment for the objectives included in the Climate Delegated Act. Nordea ESG Research shows that the alignment numbers are surprisingly low for Nordic companies.
'Green sustainability-linked bonds': Getting to the heart of accountability and impact in sustainable financing
As the sustainable finance market has grown, expectations from both investors and society at large have increased. To mitigate challenges faced by the traditional green and sustainability-linked financing formats, issuers of combined structures are paving the way for new “best-in-class” sustainable finance products, both ensuring transparent impacts and intentional sustainable development.
One-of-a-kind green bond from Landshypotek Bank sets new record
Landshypotek Bank is one of the only banks in the world to issue green covered bonds that exclusively finance sustainable forestry. The bank's recent bond reissuance drew record investor interest, confirming that Swedish forest owners attract investors.
From ambition to action: A call for investment in the green transition
A series of all-star speakers gathered at Nordea’s recent Nordic AAA Seminar in Copenhagen to discuss the imperative for increased green investment and the financial sector’s vital role in the transition.
As a bank, Nordea has a unique opportunity to facilitate our clients' transition towards a more sustainable and net-zero future. Regulations and policy measures must support banks in this task, says Martin Persson, Head of Large Corporates & Institutions, in Views: The Eurofi Magazine.
While the global sustainable bond market made a definite, if somewhat muted, return to growth in Q1 2023, the Nordic market stood out once again, showing strength despite some concerns carried over from 2022. With record sustainable volumes in Q1 and notable traction in the corporate Eurobond market, sustainable financing has found a successful home in the Nordics.