Nordea's internal ESG rating used by the RI team:
A-rated companies are companies which we consider to be mature companies with a strong governance structure and good policies and procedures in place to handle important ESG issues.
B-rated companies have good management which focuses on ESG issues and is developing the company's governance structure. Important matters have been identified and to some extent handled. The company publishes ESG reports annually.
C-rated companies are lagging somewhat behind on ESG issues. Management is not committed and the company has not conducted a thorough risk assessment of ESG issues or identified areas to be handled.