12-09-2023 13:18

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.
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Nordea is intensifying its efforts to build the right competence and knowledge among its workforce to support clients’ transition to a low-carbon economy. The bank’s Large Corporates & Institutions unit has launched a new modular sustainability curriculum, consisting of trainings tailored to employees’ specific roles.

As the largest financial services group in the Nordics, Nordea has an important opportunity to accelerate the transition with impact and to support and strengthen our clients through this period of change.

“There’s no question sustainability will continue to be one of the major trends reshaping our business,” says Anne Schult Ulriksen, Head of ESG in LC&I. “The aim of the sustainability training programme is to help ensure that we remain relevant, competent and compliant on sustainability topics, and that we continue to support our clients’ transition towards a more sustainable net-zero future.”

The trainings are categorised into 10 core modules, covering topics ranging from Nordea’s sustainability strategy and the current reporting and regulatory environment to sustainable products and services. Each training is assessed for its relevance to specific employee roles and assigned different competency levels.

Anne Schult Ulriksen, Head of ESG, LC&I

“There’s no question sustainability will continue to be one of the major trends reshaping our business,” says Anne Schult Ulriksen, Head of ESG in LC&I. “The aim of the sustainability training programme is to help ensure that we remain relevant, competent and compliant on sustainability topics, and that we continue to support our clients’ transition towards a more sustainable net-zero future.”

The trainings are categorised into 10 core modules, covering topics ranging from Nordea’s sustainability strategy and the current reporting and regulatory environment to sustainable products and services. Each training is assessed for its relevance to specific employee roles and assigned different competency levels.

There’s no question sustainability will continue to be one of the major trends reshaping our business.

Anne Schult Ulriksen, Head of ESG, LC&I

Peder Bach, Head of LC&I Denmark

Addressing different competency needs

Peder Bach, Head of LC&I Denmark and a participant in the training programme, says the modular structure makes it easy to access the most relevant parts of the course, based on one’s specific role.

“In this relatively new field, we all have different touchpoints with ESG and sustainability. Having training modules makes it possible to combine the right trainings and bridge any knowledge gaps in a tailored and efficient way,” he says.

The approach also makes it easy to structure learning plans for new employees, and the curriculum is included in employees’ development plans, he adds.

Angelica Lundman, head of a corporate client executive team in LC&I Sweden, underscores the need for the training.

“We all need to boost our knowledge in this area so we can engage with our clients on ESG issues and not just rely on access to our sustainability specialists. Sustainability has become an integral part of our dialogue with clients, which means that everyone needs a basic understanding of the key principles,” she says.

As a participant in the course herself, she also appreciates its structure: “It’s easy to track and follow in 30-minute bite-size chunks of training. You don’t need to put everything else on hold and set aside a full week at a time.”

Sustainability has become an integral part of our dialogue with clients, which means that everyone needs a basic understanding of the key principles.

Angelica Lundman, Managing Director, LC&I

Understanding the impact of sustainability on clients

The curriculum was developed in-house in order to bring out the Nordea perspective – both in terms of the bank’s own goals, policies and procedures but also what challenges Nordea’s clients are typically facing.

“The training aims to ensure that staff understand Nordea’s policies and positions on sustainability issues and apply them in their daily work. It also builds participants’ understanding of the impact of sustainability on clients so they are equipped to support them in the shift to sustainable business practices,” says Anne Schult Ulriksen.

The training curriculum will continue to expand, addressing the ever-evolving area to fill any learning needs.

Learn more about LC&I's other ESG training initiatives.

LC&I’s Sustainability Training Programme

The modular, role-based programme is divided into 10 core modules that cover the following topics

  1. Nordea strategy
  2. Reporting and regulatory environment
  3. What is ESG?
  4. ESG methodologies and integration
  5. Portfolio alignment
  6. Sustainable products and services offering
  7. Engagement and stewardship
  8. ESG in Nordea's credit process
  9. ESG ratings and research
  10. Sustainability for the real economy

The trainings, which include articles, videos and e-learning segments, are bundled according to their relevance for specific roles. For each role, trainings can be tailored based on the desired competence level.