Ambitions and objectives

Father playing paper aeroplanes with his children

Enabling sustainable choices

At Nordea, we want to make a difference together with our customers by enabling them to make sustainable choices, contributing to society’s goals through climate action and social impact.  

Men in solar panel field

The next great shift

Society is facing the next great shift to sustainability.  The world needs to build a new low carbon economy, with a just transition that creates jobs, and fosters diversity, inclusion and equal opportunities across society. Banks will play a vital role in this transition by channelling investments and financing companies, guiding them towards sustainable pathways and business models.   

Nordea commits to inspire and enable our customers to make sustainable choices.
As a leading Nordic bank, we recognise that we have a key role in helping our customers and society to make the shift. With our long and solid experience within active ownership, sustainable investments and financing, we can accelerate our customers own transition through our support and offerings. 

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

Our objectives

We are committing to: 

A net-zero emissions objective by 2050 at the latest
across our lending and investment portfolios and internal operations.

Reducing carbon emissions across our 
investment and lending portfolios by 40-50% by 2030    

Reducing carbon emissions in our 
internal operations by more than 50% by 2030
and achieve a net positive carbon contribution.  

In comparison with 2019's figures

 

Sustainable banking pillars

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

 Financial Strength    |     Climate Action     |      Social Responsibility     |     Governance & Culture

Accelerating our impact

Nordea is collaborating within and beyond our industry to accelerate impact. We believe collaboration is the key to drive systemic change and achieve more sustainable societies.
During recent years, we have accelerated our ambition by taking ownership and a leading role in creating new global frameworks. 

We are proud to be co-founders of the UNEP FI Principles for Responsible Banking and the Collective Commitment to Climate Action and founding members of the Net Zero Asset Owners Alliance, the Net Zero Asset Manager Alliance and other impact-driven investor collaborations.
We have also joined the Partnership for Carbon Accounting Financials (PCAF). These initiatives are corner stones in setting the direction for the financial sector and Nordea to be aligned with the
UN Sustainable Development Goals and the Paris Agreement.