Objectives and ambitions

Over the last couple of years, we have seen heightened expectations on banks from customers, investors, regulators, and other stakeholders to take responsibility and play their part in addressing the world’s growing social and environmental challenges. As the leading bank in the Nordic region, we acknowledge the importance of the financial sector in the ongoing transition. We are ready to continue taking a leading role and work together with different stakeholders, including policymakers.

With our long and solid experience within active ownershipsustainable investments and financing, we can accelerate our customers' transition through our support and offerings. We commit to inspire and enable our customers to make sustainable choices.

Sustainability is embedded across Nordea’s business strategy, backed by measurable targets, strong governance, and one of the broadest sustainability offerings in the market. 

Some of our milestones

ESG engagement initiative of the year
prize in the 2020 Sustainable Investment Awards
As the only Nordic bank, we co-founded the groundbreaking UNEP FI Principles for Responsible Banking signed by 230 banks worldwide
#86 Ranking in Corporate Knights’ 2021 Global 100 Most Sustainable Corporations in the World
Nordea ranks as second among Finnish listed companies and second at the financial industry level covering both Finland and Sweden in Nordic Business Diversity Index 2021

Sustainable banking pillars

Our 2030 objectives focus on where we can have a material impact, based on 4 pillars of: 

Climate Action

Financial Strength

Social Responsibility

Governance & Culture


Our 2023 targets

Climate action

25% of gross inflow for savings in sustainable products.

Nordea Life Pension will reduce portfolio emission with 25% (2020-2024). 

All savings advisory sessions contains the topic of a sustainable choice for our customers to invest in. 

Increase in green and transitioning financing and be the leading provider of sustainability products for large corporates in our home markets. 

Large corporate customers in carbon-intensive industries should increasingly have low-carbon transition plans that align with EU and local climate targets. 

Grow share of EU Taxonomy aligned assets and income and meet disclosure requirements. 

Total carbon reduction from internal operations 30% compared to 2019. 

All relevant requests for proposal to our suppliers have requirements that are aligned with the Paris Agreement to achieve carbon reduction in supply chain. 

Thoughtful female friends sitting with dog on beach

Social responsibility

All investee companies in funds managed by NAM assessed against the minimum safeguards in the area of human rights (in line with the EU Taxonomy). 

Human Rights Impact Assessment of the supply chain in place. 

100% of new suppliers screened for sustainability issues. 

Deliver new diversity and inclusion strategy, targets and a milestone plan by 2020


Financial Strength

Risk Management Framework for ESG risks in place. 

Risk assessments for all climate risk vulnerable sectors and customers in place. 


Governance & culture

Sustainable banking implemented as part of Nordea’s culture with sustainability targets integrated into people processes, including employee branding and benefit programmes. 

Sustainability targets integrated into remuneration programmes (starting 2022).

Our objectives

by 2030

Reducing carbon emissions in our internal operations by more than 50% and achieve a net positive carbon contribution.  

by 2050

Shipping portfolio to have at least 25% lower emissions than the global fleet. 

by 2030

Reduced carbon emissions across our investment and lending portfolios by 40-50%.

by 2050

A net-zero emissions objective across our lending and investment portfolios and internal operations.  

In comparison with 2019's figures.