Setting the direction for Sustainable Finance

Q3 2017 press release image
19-03-21 13:00 | Our work

As global interest in sustainability increases, Nordea is determined to be acknowledged as a leading European bank in the transition towards a more sustainable future. That’s why we’ve developed a long-term plan and targets setting the strategic direction for Sustainable Finance. 

Climate change affects all of us in increasingly tangible ways and has become something that no one can afford to turn a blind eye to. As the biggest bank in the Nordic region, we have both an opportunity and a responsibility for climate change adaptation and mitigation. 

During 2018, we saw a clearly increased focus on sustainability across the Group. This led to new offerings such as green loans, green mortgages, sustainable savings as well as internal activities such as reduced waste and Green Mondays in the canteen.

The next steps

“I’m proud that we have raised the bar in relation to our work on sustainability and sustainable finance the last two years. Together with our customers and partners, we believe we can enable the transition to a sustainable future. To keep up the strong progress we have now decided on a new long-term plan which outlines the strategic direction for 2021 along with targets for 2019.“ says Casper von Koskull, CEO Nordea

At Nordea, we define Sustainable Finance as the integration of environmental, social and governance factors into our business strategy, service and product offering, and operational decisions, enabling us to be a responsible, resilient and futureproof bank. The new plan covers everything from our customer offering to what we do in our internal operations, such as reduced air travel and use of plastic. 

Making it tangible

“As a leading European bank, we should make sustainable finance understandable, tangible and easily accessible for all our customers. We are confident that sustainable finance will contribute to increased business momentum and improve both customer and employee satisfaction. This is about staying relevant also in the future,” says Anders Langworth and Ylva Hannestad, Deputy Heads of Group Sustainable Finance.

Examples of targets for 2019 are expanded Green Loans offering, reduced air travelling and a Group wide e-learning on Sustainable Finance. 

On the 27th of February we launched our 2018 Sustainability Report (pdf, 1 MB), which will give you an in-depth understanding of our work. 

Get an overview of how we work with integrating sustainability in our daily work in our Sustainable finance at Nordea brochure (pdf, 667 KB).

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