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Nordea head office in Helsinki, Finland. Photo: Holger Ellgaard via Wikimedia Commons (CC BY-SA 3.0)

About Nordea

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 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.

Website http://www.nordea.com
Headquarters
Satamaradankatu 5
FI-00020 Helsinki
Finland
CEO/chair Frank Vang-Jensen
CEO
Supervisor
Finnish Financial Supervisory Authority
Annual reports Annual report 2019
Sustainability Report 2019
Ownership
listed on Helsinki Stock Exchange, Nasdaq Copenhagen, OMX AB & Stockholm Stock Exchange

Nordea's shareholder structure can be accessed here.

Related Dodgy Deals

Nordea has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Policy Assessments

Banks and human rights

BankTrack Human Rights Benchmark 2019

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Nordea
FIN
100
Finland
Laggard
Follower
Front runner
Leader
Explanation

Nordea's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Front runner, with a total score of 6.5 out of 14.

Policy: 3/3
Due dilligence: 1.5/5
Reporting: 1/3
Remedy: 1/3

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Unite or die: the UN Principles for Responsible Banking one year on

2020-09-21 | Climate Risk Review
blog
external news
our news

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

2020-03-12 | Resumen.cl
blog
external news
our news

Swedish banks linked to the war in Yemen

The seven largest banks in Sweden continue to finance and invest billions in companies involved in controversial arms exports, for example to countries participating in the Yemen conflict. This is shown in a follow-up report by Diakonia and the Fair Finance Guide.
2020-02-06 | Diakonia, Fair Finance Guide Sweden
blog
external news
our news

Big European banks face call to end funding for firms building coal-fired plants

2019-12-05 | Reuters
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

Nordea joins a Collective Commitment to Climate Action

2019-09-23 | Nordea
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

These Are the Banks Caught Up in the Russia Money-Laundering Scandal

2019-03-06 | Bloomberg
blog
external news
our news

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

Banks and pension funds fail to act on allegations against Lundin Petroleum

2017-04-27 | Fair Finance Guide Sweden, Swedwatch
blog
external news
our news

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
blog
external news
our news

Scandinavian banks linked to violations of indigenous peoples’ rights in Borneo

2017-03-07 | Stockholm, Sweden | Fair Finance Guide Sweden, Swedwatch
blog
external news
our news

Exclusion of Dakota Access Pipeline companies

2017-02-08 | Stockholm | Nordea
blog
external news
our news

Swedish banks invest in controversial arms trade

2016-09-14 | Fair Finance Guide Sweden
blog
external news
our news

Swedish banks in breach of human rights guidelines

2015-06-17 | Stockholm | Amnesty International, Swedish Consumers’ Association, Fair Finance Guide
blog
external news
our news

Fair Finance Guide launches in Sweden

Swedish banks score poorly on sustainability
2015-01-23 | Stockholm | Fair Finance Guide
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

International Court of Justice rules on Uruguayan Botnia case

World Bank’s IFC, Nordea, Calyon and Finnvera complicit in violations of International Law
2010-04-20 | The Hague | CEDHA
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Swedish bank Nordea backs away from Gunns’ Pulp Mill

Responds to Avaaz campaign to protect forests
2010-01-07 | Australia | The Wilderness Society
blog
external news
our news

The Great Pulp Mill Swindle: A Chronicle of Deceit

2009-09-14 | Tasmanian Times
blog
external news
our news

World's major banks rule out financing Gunns' Pulp Mill

Advert in Financial Times warns banks to stay out
2009-04-29 | Tasmania, Australia | The Wilderness Society
blog
external news
our news

Who has adopted the Equator Principles?

Confusion at the EP Secretariat highlights grave flaws in implementation
2007-03-22 | Utrecht | CEDHA
blog
external news
our news

International coalition denounces Calyon for its support to Finnish papermill Botnia in Uruguay

2006-05-18 | Paris, France | CEDHA

Documents

Type:
Year:
bank documents
2020-12-16 00:00:00

Nordea joins the Partnership for Carbon Accounting Financials (PCAF)

2020-12-16 00:00:00 | Nordea
csr policies
2020-11-20 00:00:00

Sustainability policy

2020-11-20 00:00:00 | Nordea
csr policies
2020-11-19 00:00:00

Fossil Fuel Policy for sustainable funds

aligned with the Paris Climate Agreement
2020-11-19 00:00:00 | Nordea
csr policies
2020-11-11 00:00:00

Exclusion list

2020-11-11 00:00:00 | Nordea
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Mining Industry

2020-09-01 00:00:00 | Nordea
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Fossil Fuels Industry

2020-09-01 00:00:00 | Nordea
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Agricultural Industry

2020-09-01 00:00:00 | Nordea
bank documents
2020-06-11 00:00:00

Code of Conduct

2020-06-11 00:00:00 | Nordea
annual reports
2020-05-19 00:00:00

Annual report 2019

2020-05-19 00:00:00 | Nordea
annual reports
2020-03-02 00:00:00

Sustainability Report 2019

2020-03-02 00:00:00 | Nordea
csr policies
2020-03-01 00:00:00

Responsible investment policy

2020-03-01 00:00:00 | Nordea
csr policies
2019-11-01 00:00:00

Nordea Sector Guideline for the Forestry Industry

2019-11-01 00:00:00 | Nordea
correspondence
2019-09-11 00:00:00

Letter from Nordea to BankTrack on PRB implementation

2019-09-11 00:00:00 | Nordea
csr policies
2019-09-09 00:00:00

Engagement Policy

2019-09-09 00:00:00 | Nordea
csr policies
2019-05-31 00:00:00

Position statement climate change

2019-05-31 00:00:00 | Nordea
ngo documents
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
annual reports
2019-04-15 00:00:00

Annual report 2018

2019-04-15 00:00:00 | Nordea
csr policies
2019-04-15 00:00:00

Sector guideline for the shipping industry

Date listed represents date as accessed on website
2019-04-15 00:00:00 | Nordea
csr policies
2019-04-15 00:00:00

Sector guideline for the defence industry

Date listed represents date as accessed on website
2019-04-15 00:00:00 | Nordea
annual reports
2019-04-15 00:00:00

CSR report 2018

2019-04-15 00:00:00 | Nordea
csr policies
2019-04-05 00:00:00

Supplier code of conduct

2019-04-05 00:00:00 | Nordea
csr policies
2019-01-31 00:00:00

Anti-bribery and corruption policy

2019-01-31 00:00:00 | Nordea
ngo documents
2018-11-07 00:00:00

Still Undermining Our Future?!

A case study for Fair Finance Guide International of Swedish financial institutions
2018-11-07 00:00:00 | Profundo
csr policies
2018-10-31 00:00:00

Anti-Money Laundering/Counter Terrorist Financing policy and practises

2018-10-31 00:00:00 | Nordea
ngo documents
2018-09-30 00:00:00

Still Irresponsible Investments

A study of Swedish banks' investments in companies linked to human rights abuses
2018-09-30 00:00:00 | FFG Sweden, Amnesty International
annual reports
2018-05-23 00:00:00

Annual Report 2017

2018-05-23 00:00:00 | Nordea
annual reports
2018-04-30 00:00:00

Sustainability Report 2017

2018-04-30 00:00:00 | Nordea
ngo documents
2017-05-30 00:00:00

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
annual reports
2017-03-31 00:00:00

Annual Report 2016

2017-03-31 00:00:00 | Nordea
annual reports
2017-03-31 00:00:00

Sustainability report 2016

2017-03-31 00:00:00 | Nordea
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
annual reports
2016-03-31 00:00:00

Sustainability report 2015

2016-03-31 00:00:00 | Nordea
our publications
2015-11-05 00:00:00

Undermining our future

Bank financing for fossil fuel and renewable energy
2015-11-05 00:00:00 | Fair Finance Guide and BankTrack
ngo documents
2015-06-30 00:00:00

Irresponsible Investments

A study of Swedish banks' investments in companies linked to human rights abuses
2015-06-30 00:00:00 | FFG Sweden, Amnesty International
annual reports
2015-02-12 00:00:00

CSR Report 2014

2015-02-12 00:00:00 | Nordea
annual reports
2014-02-12 00:00:00

Annual Report 2013

2014-02-12 00:00:00 | Nordea
annual reports
2014-02-12 00:00:00

CSR Report 2013

2014-02-12 00:00:00 | Nordea
annual reports
2013-03-05 00:00:00

CSR Report 2012

A question of balance
2013-03-05 00:00:00 | Nordea
annual reports
2013-02-12 00:00:00

Annual Report 2012

2013-02-12 00:00:00 | Nordea
correspondence
2012-11-06 00:00:00

Letter from BankTrack et al. to various financial institutions on APP

2012-11-06 00:00:00 | BankTrack et al.
csr policies
2012-10-30 00:00:00

Human rights commitments

2012-10-30 00:00:00 | Nordea
ngo documents
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
annual reports
2012-02-16 00:00:00

Annual Report 2011

2012-02-16 00:00:00 | Nordea
annual reports
2012-02-12 00:00:00

CSR Report 2011

2012-02-12 00:00:00 | Nordea
annual reports
2011-04-21 00:00:00

Annual report 2010

2011-04-21 00:00:00 | Nordea
annual reports
2011-04-21 00:00:00

CSR report 2010

2011-04-21 00:00:00 | Nordea
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
ngo documents
2010-04-01 00:00:00

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
correspondence
2010-01-11 00:00:00

Response Nordea to signatories Avaaz action letter of 100106

2010-01-11 00:00:00 | Nordea
ngo documents
2009-12-01 00:00:00

GUNNS’ PROPOSED PULP MILL

2009-12-01 00:00:00 | Wilderness Society

Media




Links

Nordea's CSR page

http://www.nordea.com/About+Nordea/Corporate+Social+Responsibility/51382.html

Tasmanians Against the Pulp mill (TAP)

TAP is an active community group opposed to Tasmanian timber company Gunns Ltd's proposal to build 'the world's fourth largest pulp mill' in the State's Tamar Valley.
http://www.tapvision.info/

The Wilderness Society, Tasmania

The Wilderness Society (TWS) is a national, community-based, environmental advocacy organisation whose purpose is to protect, promote and restore wilderness and natural processes across Australia for the survival and ongoing evolution of life on Earth.
https://www.wilderness.org.au/

EPN assessment of policies against 14 minimum criteria - Nordea

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/nordea/

Policies

Voluntary initiatives

Nordea has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Collective Commitment to Climate Action (CCCA)
  • Equator Principles
  • Extractive Industries Transparency Initiative
  • Global Reporting Initiative
  • Montreal Carbon Pledge
  • OECD Guidelines for Multinational Enterprises
  • Paris Agreement Capital Transition Assessment (PACTA)
  • Partnership for Carbon Accounting Financials (PCAF)
  • Poseidon Principles
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Responsible Ship Recycling Statement
  • Task Force on Climate-related Financial Disclosures
  • UN Guiding Principles on Business and Human Rights
  • UNEP Finance Initiative
  • United Nations Global Compact
  • Universal Declaration of Human Rights

Investment policies

Nordea's webpage on corporate social responsibility can be accessed here.
Year:
csr policies
2020-11-20 00:00:00

Sustainability policy

2020-11-20 00:00:00 | Nordea
csr policies
2020-11-19 00:00:00

Fossil Fuel Policy for sustainable funds

aligned with the Paris Climate Agreement
2020-11-19 00:00:00 | Nordea
csr policies
2020-11-11 00:00:00

Exclusion list

2020-11-11 00:00:00 | Nordea
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Mining Industry

2020-09-01 00:00:00 | Nordea
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Fossil Fuels Industry

2020-09-01 00:00:00 | Nordea
csr policies
2020-09-01 00:00:00

Nordea Sector Guideline for the Agricultural Industry

2020-09-01 00:00:00 | Nordea
csr policies
2020-03-01 00:00:00

Responsible investment policy

2020-03-01 00:00:00 | Nordea
csr policies
2019-11-01 00:00:00

Nordea Sector Guideline for the Forestry Industry

2019-11-01 00:00:00 | Nordea
csr policies
2019-09-09 00:00:00

Engagement Policy

2019-09-09 00:00:00 | Nordea
csr policies
2019-05-31 00:00:00

Position statement climate change

2019-05-31 00:00:00 | Nordea
csr policies
2019-04-15 00:00:00

Sector guideline for the shipping industry

Date listed represents date as accessed on website
2019-04-15 00:00:00 | Nordea
csr policies
2019-04-15 00:00:00

Sector guideline for the defence industry

Date listed represents date as accessed on website
2019-04-15 00:00:00 | Nordea
csr policies
2019-04-05 00:00:00

Supplier code of conduct

2019-04-05 00:00:00 | Nordea
csr policies
2019-01-31 00:00:00

Anti-bribery and corruption policy

2019-01-31 00:00:00 | Nordea
csr policies
2018-10-31 00:00:00

Anti-Money Laundering/Counter Terrorist Financing policy and practises

2018-10-31 00:00:00 | Nordea
csr policies
2012-10-30 00:00:00

Human rights commitments

2012-10-30 00:00:00 | Nordea

Equator Principles

Implementation and reporting

Nordea is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Tamar Valley Pulp Mill Tasmania (formerly Gunns Pulp Mill) Australia

Pulp, Paper and Paperboard Mills

Good moves

Year:

2017

Six banks step away from Dakota Access Pipeline (DAPL) and backers

In February 2017, ABN AMRO, ING, BayernLB and Nordea all announced they would step away from financing either the project or its backers. In March, ING became the first bank to sell its portion of a project loan supporting the pipeline. This was followed by DNB and by BNP Paribas selling…

2010

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.…
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