Nordea ranked as one of the world’s most sustainable banks
For the second year in a row, Nordea was ranked as one of the top 100 most sustainable corporations in the world by Corporate Knights. As the only Nordic bank to qualify among the top 100, Nordea climbed the ranking from number 86 to 47. The 2019 Global 100 ranking was announced today at the World Economic Forum in Davos.
- I’m proud that our hard work to integrate sustainability into our business has been recognised. During the past two years, we’ve raised the bar in relation to our work on sustainability and sustainable finance. Together with our customers and partners, we believe we can – and should – enable the transition to a sustainable future. Being ranked among the 100 most sustainable companies in the world shows that we’re on the right track, says Group CEO Casper von Koskull.
Nordea was ranked as one of the top five sustainable banks in the world in the 2019 Global 100. Corporate Knights, a specialised media and investment research firm, analysed 7,536 companies against global industry peers based on 21 key performance indicators. Nordea achieved this strong result thanks to top quartile performance on revenues generated from clean financing activities such as green bonds, green mortgages and green loans, board gender diversity and industry leading carbon and energy productivity.
- The high ranking we received for our clean financing activities is most likely the result of an increase in our green product range in 2018. In addition to our existing offering of green bonds, we added green loans to corporates and green mortgages to our household customers, says Sasja Beslik, Head of Sustainable Finance at Nordea.
Nordea was one of the first banks in Europe, and the first in the Nordics, to offer green loans to customers. Like green bonds, green loans are used to finance specific investments with environmental benefits and give our customers the opportunity to address climate change in their financing.
Green loans were introduced to the Swedish market in 2018 and will now be rolled out across the Nordics in 2019. This product is very much sought after by our customers, especially larger players within specific sectors such as real estate and renewable energy. In 2018, we also launched green mortgages in Sweden for our customers who reside in climate-smart homes.
Sustainable finance at Nordea is about integrating sustainability into our business. This includes all business activities and products within our core areas of investment, financing and advisory. It is important that the financial services sector lends money to, and invests in, companies that make a positive and sustainable contribution to our shared future. Nordea works with sustainable finance to deliver long-term value to our customers, investors, stakeholders and society at large.
For further information:
Sasja Beslik, Head of Sustainable Finance, +46 733 57 73 10
Petter Brunnberg, Senior Group Press Officer, +46 738661087
Learn more about Corporate Knights
We build strong and close relationships through our engagement with customers and society. Whenever people strive to reach their goals and realise their dreams, we are there to provide relevant financial solutions. We are the largest bank in the Nordic region and among the ten largest financial groups in Europe in terms of total market capitalisation with around 11 million customers. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.