Our sustainability governance model provides a solid foundation for developing and anchoring sustainability strategy and targets. It ensures that we focus on embedding sustainability into the business by implementing decisions in the relevant business areas.
At Group Board level the Board Operations and Sustainability Committee assist the Board in fulfilling its oversight responsibilities concerning sustainability, which includes the strategy, operational model, reporting and frameworks. The Board Risk Committee will assist the Group Board in its oversight responsibilities focusing on ESG.
The Sustainability and Ethics committee (SEC) is a Group wide committee in the Nordea Group and its purpose is to support the Group CEO and the Group Leadership Team in influencing, deciding and monitoring sustainability, ethical and conduct topics and decision making across the Group. The work of the SEC is intended to strengthen the alignment of Nordea’s Sustainable Banking Strategy across Business Areas and Group Functions, as well as to influence and follow the status and progress of the ethics and culture within the Group, in line with Nordea’s purpose and values and ethical principles . Our Executive Risk Committee also provide input for our sustainability agenda from the risk perspective.