Our sustainability targets

To achieve this and to be an even more sustainable bank than we are today, we have fully integrate sustainability into our business strategy. Our focus will be on the sustainability topics in which we can have a significant impact – and setting targets and objectives in line with that.

Our significant sustainability topics were identified through a combined materiality and impact analysis and then grouped into four strategic pillars: financial strength, climate action, social responsibility and governance and culture. These are linked to targets for 2023 and the pillar climate action also to long-term objectives to become a net-zero bank by 2050.

Our 2023 targets

Financial strength

  • Risk management framework for ESG risks in place.
  • Risk assessments in place for the sectors and customers most vulnerable to climate risk.
Read more about the goal

Climate action

  • 25% of gross inflow for savings in sustainable products.
  • Nordea Life & Pension will reduce its carbon emission intensity for listed equities, corporate bonds and real estate by at least 25% by the end of 2024 compared to 2019.
  • All savings advisory sessions contain the topic of a sustainable choice for our customers to invest in.
  • Increase in green and transitioning financing and being the leading provider of sustainability products for large corporates in our home markets.
  • Large corporate customers in carbon-intensive industries shall increasingly have low-carbon transition plans that align with EU and local climate targets.
  • Growing the share of EU Taxonomy-aligned assets and income and meet disclosure requirements.
  • Total carbon reduction from internal operations of 30% compared to 2019.
  • All relevant requests for proposal among suppliers to have requirements that are aligned with the Paris Agreement to achieve a carbon reduction in the supply chain.
Read more about the goal

Social responsibility

  • Deliver a new diversity and inclusion strategy, targets and a milestone plan by the end of 2021.
  • All investee companies in funds managed by Nordea Asset Management 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.
Read more about the goal

Governance and 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).
Read more about the goal