RI Annual Report 2023

Sustainability at Nordea


Sustainability at Nordea

Nordic values are an essential part of Nordea Asset Management’s business culture, guiding us in everything we do.

established objectives to reduce emissions across both our lending and investment portfolios as well as our internal opera- tions by the end of 2030. Nordea Group’s sustainability work is led by the Group Sustain- ability team. This includes everything from setting and meeting our internal sustainability targets, from resource usage to diversity, and also integrating sustainable considerations into the products and services across the Group. At NAM level, the Responsible Investment (RI) team carries out research on the integration of environmental, social, and governance (ESG) aspects into our investments. The two boxes below summarise some of our key sustainability metrics. More information about Nordea Group’s sustainability efforts can be found in Nordea’s Annual Report 2023.

Sustainability is embedded across Nordea’s business strategy, backed by measurable targets, strong governance, and a broad sustainability offering. Nordea Group has a long and solid experience within Sustainable Finance and we are fully com- mitted to – and actively working on – making the financial sec- tor more sustainable. As a leading Nordic bank, we have the capacity to support the transition to net zero – via our customer offerings, through our lending and investment decisions and by reducing the emis- sions from our internal operations and supply chain. Therefore our business objective is to achieve net-zero emissions across our value chain in terms of scope 1, 2 and 3 emissions by the end of 2050 at the latest. In addition to our net-zero commit- ment for 2050, we see interim targets as essential components of the global effort to limit warming to 1.5°C. We have therefore

Diversity and inclusion Age distribution in the total workforce

Carbon footprint from internal operations (2023) Nordea has committed to achieving net-zero carbon emissions by 2050 across investment portfolios and internal operations

Gender balance



Board of directors




Group Leadership Team




People leaders

CO2e emission intensity:

20372 Total CO2e emissions: tonnes



below 30 years old 30–50 years old above 50 years old


Total workforce



Nordea Asset Management

tonnes/EURm of total operating income



Source: Nordea Annual Report 2023, Nordea Investment Management AB.

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