Sustainable business

ESG stands for Environmental, Social and Governance. This is also called sustainability in many cases. In a business context, sustainability is about the company’s business model, i.e. how its products and services contribute to sustainable development. It is also about a company’s risk management, i.e. how it manages its own operations to minimise negative impact.

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Our sustainability symbol called Sustainable Choice makes it easier to identify and select from Nordea’s sustainable offerings.

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Every customer is unique. We firmly believe that we must fully understand our customers’ individual needs and ambitions before offering them any service, advice or product. We are committed to ensuring that our customers have all the information they need to make decisions about their finances.

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We work to engage with customers on environmental, social and governance matters and to have an understanding of the challenges and opportunities faced by customers in their businesses and industries. It is also important for us to integrate ESG assessments into our risk management and due diligence processes and ensure we never support financial crime.

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As shareholders, we can choose to help companies improve the management of their environmental, social and governance risks. We believe that clearly informing the companies we invest in about what we expect of their ESG performance is the best way to help them improve.

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Sustainable procurement is increasingly on the agenda and this awareness presents both risks and opportunities. One risk is that Nordea is linked to suppliers with questionable business models, potentially generating negative media exposure. An opportunity, on the other hand, lies in the ability to emphasise to suppliers that a sustainable business model is not only the right thing to do, but also presents a business opportunity.

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