Nordea participates in a number of international initiatives
As the largest asset manager in the Nordic region, we seek to encourage best practice through active participation in international initiatives. In the following we go trough some of the most well-known.
Principles for Responsible Investment
As one of the first major banks in the Nordic countries, Nordea signed the Principles for Responsible Investment (PRI) in 2007.
At the same time, we also launched our own policy for responsible investments. The policy shows how we adhere to these principles, report on our activities and progress in implementing the PRI. The report is public and available on the PRI website.
In 2013 Nordea participated in PRI collaborative engagement activities focusing on minimising ESG risks associated with oil sand operations and fracking. We have also been involved in an engagement focusing on water scarcity and the related risks to investors.
Nordea is a signatory to the CDP, a project that aims to collect and share information on greenhouse gas emissions and climate change strategies. We use the database information in our ESG analysis. The CDP is a cooperation arrangement between 655 institutional investors with a combined asset holding of USD 78 trillion.
Water Disclosure Project
Nordea is a signatory to the Water Disclosure Project. The project is an initiative run by the CDP and is supported by institutional investors. The aim of the project is to collect and share information concerning water-related risks and opportunities. It addresses more than a thousand global companies with water-intensive production or water-related challenges.
CDP Carbon Action
Carbon Action is an investor-led initiative to accelerate company action on carbon reduction and energy efficiency activities that deliver a satisfactory return on investment. 190 investors with USD 18 trillion in assets under management, ask the world’s highest emitting companies to make emissions reductions (year-on-year) with targets publicly disclosed.
Extractive Industries Transparency Initiative (EITI)
Nordea is a supporting investor to the Extractive Industries Transparency Initiative (EITI). The initiative is a multi-stakeholder coalition of governments, companies, investors and civil society organisations. The aim of the initiative is to ensure transparency and accountable management of revenues from natural recourses.
Sustainable Investment Forums
Nordea actively participates in local sustainable investment forums – the so-called SIFs – which are independent national forums that promote responsible investments. Nordea became a member of SWESIF in 2008 and DANSIF in 2010.
Furthermore, we were a founding member of FINSIF launched in June 2010 and NORSIF launched in February 2013. Nordea is represented on the board of NORSIF.
The Institutional Investor Group on Climate Change
Nordea is a member of the IIGCC together with 80 other pension funds and asset managers. This is a forum for collaboration on climate change for investors. IIGCC encourages public policy, investment practices and corporate behaviour that address long-term risks and opportunities associated with climate change.
Nordea co-chairs the United Nations Environment Programme Finance Initiative’s (UNEP FI) Water and Finance Work Stream (WFWS).