Nordea Bank Abp 2020 SR
The report outlines Nordea's sustainability strategy and performance for 2020, focusing on its commitment to achieving net zero emissions by 2050. Key highlights include a 265% increase in assets under management for sustainability-enhanced funds and a 256% rise in transaction volumes for sustainability-linked loans. The bank introduced a new long-term plan with four strategic pillars: financial strength, climate action, social responsibility, and governance and culture. Nordea also joined the Partnership for Carbon Accounting Financials (PCAF) and the Net Zero Asset Manager Initiative. Internal operations saw a 62% reduction in carbon emissions, largely due to pandemic-related travel restrictions.
Company: Nordea Bank Abp
Sector: Finance & insurance
Country: Finland
Year: 2020
Type: SR
Pages: 56
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Nordea Bank Abp
Sustainability Report
The report outlines Nordea's sustainability strategy and performance for 2020, focusing on its commitment to achieving net zero emissions by 2050. Key highlights include a 265% increase in assets under management for sustainability-enhanced funds and a 256% rise in transaction volumes for sustainability-linked loans. The bank introduced a new long-term plan with four strategic pillars: financial strength, climate action, social responsibility, and governance and culture. Nordea also joined the Partnership for Carbon Accounting Financials (PCAF) and the Net Zero Asset Manager Initiative. Internal operations saw a 62% reduction in carbon emissions, largely due to pandemic-related travel restrictions.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Feb 26, 2021
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Women on Board
Women in Management
Net Zero Target
Employees