“We believe that collaboration within and beyond our industry is key to combating climate change and accelerating real-world impact. The NZBA plays an important role in this, especially in addressing the climate crisis and gathering the industry around the necessary net-zero target,” says Nordea’s CEO and Group President Frank Vang-Jensen.
The alliance urges its members to set firm intermediate targets, which Nordea already have in place with targets set for 2023 and objectives for 2030 and 2050. Nordea is also working with sector-specific guidelines and focusing on supporting and engaging with the customers to drive the transition together.
Banks play a vital role
As a co-founder of the UNEP FI Principles for Responsible Banking Nordea has been engaged in this work for many years. Nordea is already an active member of two other net-zero initiatives: Nordea Asset Management is a co-founder and member of the Net-Zero Asset Managers Initiative and Nordea Life & Pensions is a co-founder and member of the Net-Zero Asset Owner Alliance.