In January this year, Finance Denmark, the Danish organization for the financial industry, established a ‘Forum for Sustainable Finance’. The mission was to provide recommendations with regards to the role of the financial sector in the transition to a sustainable society and in December the Forum published 20 recommendations.
The recommendations center around the need for finance to integrate sustainability in its business model and offer sustainable products. This includes measuring and setting targets for CO2 emissions and providing finance for energy-efficient buildings and sustainable transportation and agricultural sectors.
Bjørn Bøje Jensen, Head of Commercial and Business Banking in Denmark and Nordea’s representative on the board of Finance Denmark, welcomes the report: “It is an important step for the financial industry, and it shows the commitment and the contribution the sector can make in the work towards a sustainable society and economy”’.
The Forum for Sustainable Finance included representatives from the industry, academia and civil society as well as finance. It was chaired by Anders Eldrup, the former CEO of energy company Örsted (DONG) and included the former EU Commissioner for Climate and Environment, Connie Hedegaard, and other senior experts.
Nordea was represented by Eric Pedersen, Nordea Asset and Wealth Management: “There were many good constructive discussions in the Council and the very ambitious result shows the broad consensus and sense of urgency in addressing the challenges we face together.”
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