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Principles must bring commitments
Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
NordeaSweden
Created before Nov 2016
Last update: 2018-05-23 15:22:42
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About Nordea
Nordea head office in Stockholm. Photo: Holger.Ellgaard via Wikimedia Commons (CC BY-SA 3.0)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.
| Website | http://www.nordea.com |
| Headquarters |
Smålandsgatan 17 SE-105 71
Stockholm
Sweden
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| CEO/chair |
Casper von Koskull CEO |
| Supervisor | |
| Annual reports |
Annual Report 2017 Sustainability Report 2017 |
| Ownership |
listed on OMX AB
The Nordea share is listed on the NASDAQ OMX, the exchanges in Copenhagen, Helsinki and Stockholm. The bank's share holder 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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Links
Policies
Voluntary initiatives
Nordea has committed itself to the following voluntary standards:- Carbon Disclosure Project
- Equator Principles
- Extractive Industries Transparency Initiative
- Global Reporting Initiative
- Montreal Carbon Pledge
- Principles for Responsible Banking
- Principles for Responsible Investment
- UN Guiding Principles on Business and Human Rights
- UNEP Finance Initiative
- United Nations Global Compact
Investment policies
According to Nordea's responsible investment policy Nordea excludes companies with large and sustained exposure to coal mining with a 30% revenue threshold. More information on excluded businesses can be found here (updated Nov 2018).You can find more on commitments and policies of Nordea here.
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Issues
Nordea and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Nordea adopted the Equator Principles in 2007.
Reporting on the Equator Principles
Nordea must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Nordea is in compliance with its reporting obligations. The 2017 report can be found here.
Dodgy Deals
Nordea is involved in financing the following Equator Principles projects that BankTrack considers controversial.
There are no projects active for Nordea now.
Human rights
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True leader
Front runner
Follower
Laggard
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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.
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Equator Principles
Implementation and reporting
Nordea is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Good moves
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