Exclusion of Dakota Access Pipeline companies

17-02-08 19:48 | Sustainability | Responsible investment | Responsible business

Nordea’s team for Responsible Investments recommends an exclusion of the three companies behind the Dakota Access Pipeline. The three companies in question are Energy Transfer Partners, Sunoco Logistics and Philips 66.

The U.S. Department of the Army on Feb. 7, 2017, announced that it intends to grant the final permit for the pipeline. This allows for it to be constructed according to the current route, under Lake Oahe and close to the Standing Rock Sioux Tribe’s reservation.  The department also cancelled the plan for an additional environmental-impact statement.

Nordea has sought a dialogue with the three companies behind the pipeline about an alternative route. The companies have declined any form of dialogue with Nordea.

Latest news by Nordea

Nordea's first Green bond impact report published

Sustainability About Nordea

We proudly present Nordea’s first Green bond impact report.

we.trade – Nordea co-developed blockchain platform has performed its first trades

About Nordea

Nordea is a key player in the design and implementation of this cutting-edge solution.

Nordea's re-domiciliation

Re-domiciliation: ECB grants banking licence to Nordea Holding

About Nordea

Nordea Holding Abp has been granted a banking licence by the European Central Bank.

Nordea first Nordic bank to join new European instant payment service

Digital banking

Nordea customers in Finland can now receive instant Euro payments in seconds from friends and business partners from Europe. This includes at any time of the...

Nordea expert selected to EU Expert Group on Sustainable Finance

Sustainability Our people Our work Responsible business

Nordea and Aila Aho have been selected to one of the 35 honourable seats in the European Commission’s technical expert group on sustainable finance.