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Last update: 2016-09-05 10:21:54
Karen Vermeer, BankTrack
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The Nordea Group was established in 2000 but derives its origin from banks and insurance companies from the Nordic region from the early 19th century. Since 3 December 2001 the entire Group is operating under the Nordea brand. Nordea is the largest financial services group in the Nordic and Baltic Sea region.
Nordea has around 11 million customers, approximately 1,400 branch offices in nine home markets and a netbanking position with 5.2 million e-customers. As of 31 December 2015 it controlls assets worth EUR785.7 billion.
Smålandsgatan 17 SE-105 71
Casper von Koskull |
|Annual report||Annual report 2015|
listed on OMX AB
The Nordea share is listed on the NASDAQ OMX, the exchanges in Copenhagen, Helsinki and Stockholm.
Voluntary initiativesNordea has committed itself to the following voluntary standards:
You can find more on commitments and policies of Nordea here.
BankTrack campaigns and Nordea
True leader Front runner Follower Laggard
BankTrack has assessed Nordea on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Nordea is assessed as a Follower, with a total score of 6/12.
Implementation and reporting
Nordea is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Banks abandon Gunns Pulp and Paper Mill
More than 15 leading banks around the world, including all Australian banks, publicly declined to finance the controversial Gunns Pulp and Paper Mill after sustained campaigning from BankTrack, the Wilderness Society and others. In 2008 Australian bank ANZ became the first bank to publicly renounce financing the project. Following a cyber-action in 2009 against Swedish bank Nordea, they followed suit in 2010. In response to sustained criticism, Gunns announced later the same year that it would end logging of native forests in Australia.