Material issues

Focusing on material aspects 

As shown in the position pyramid below, commitment from the Board and GEM on sustainability, transparency and communication, and responsible investment were the most valued material aspects, closely followed by aspects such as climate change and governance. 

Another important outcome of the materiality analysis is our renewed and strengthened understanding of sustainability risks that are of relevance to Nordea. Risks identified by stakeholders include reputational risk, risks related to corruption, climate change and insufficient ESG due diligence processes, as those that require further analysis and attention, forming the driver for launching a risk assessment framework.