We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
As of January 2023, Nordea Asset Management is a corporate member of EFAMA
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Jarkko SYYRILÄ is vice-president of the EFAMA board of directors
Jarkko SYYRILÄ (Nordea Wealth Management)
InfluenceMap Data Point on Corporate - Influencer Relationship
As of January 2023, Nordea Asset Management is a corporate member of EFAMA
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Jarkko SYYRILÄ is vice-president of the EFAMA board of directors
Jarkko SYYRILÄ (Nordea Wealth Management)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Nordea Securities LLC is a member of SIFMA.
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Nordea Markets LLC is a member of SIFMA.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Nordea Securities LLC is a member of SIFMA.
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Nordea Markets LLC is a member of SIFMA.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Nordea Asset Management is a member of the Investment Association
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Nordea Asset Management is a member of the Investment Association
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of December 2022, Nordea is a member of Finance Finland, which is a member of the EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Nordea Bank is a member of the Swedish Banking Association, which is a member of the EBF
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Ari KAPERI is on the EBF board. As of October 2022, Ari Kaperi does no longer appear to be a member of the EBF board.
Ari KAPERI (Group Chief Risk Officer and Country Senior Executive In Finland, Nordea Bank)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of December 2022, Nordea is a member of Finance Finland, which is a member of the EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Nordea Bank is a member of the Swedish Banking Association, which is a member of the EBF
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Ari KAPERI is on the EBF board. As of October 2022, Ari Kaperi does no longer appear to be a member of the EBF board.
Ari KAPERI (Group Chief Risk Officer and Country Senior Executive In Finland, Nordea Bank)
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: Nordea appears to be fairly active in advocating for regulation on sustainable finance.
Top-line Messaging on Sustainable Finance Policy: Nordea has stated support for the goals of the Paris Agreement and limiting global temperature to 2C, and appears to support systemic reform to create a more sustainable financial system. Nordea has stated broad support for the EU’s Action Plan on Sustainable Finance on its website and in its CDP response.
Position on Regulated Corporate ESG Disclosure: In 2019-20, Nordea stated support for the update to the non-binding guidelines for reporting climate-related information under the EU Non-Financial Reporting Directive (NFRD) in a website article and CDP response. In 2021, Nordea supported the SEC's role in mandating corporate ESG disclosure, and in response to the SEC’s consultation, Nordea offered strong support, including a requirement to disclose Scope 3 emissions and a link between executive pay and climate-related goals. In 2022, it supported mandatory implementation of the Task Force on Climate-related Financial Disclosures (TCFD) and 1.5 pathway-aligned transition plans as part of a global investor statement to governments. During the Biodiversity COP15 in 2022, it also supported aligning disclosure frameworks with the Taskforce on Nature-related Financial Disclosures (TNFD). In 2022, it also advocated for greater ambition in response to the IFRS Sustainability Disclosure Standards Exposure Drafts.
Position on Taxonomies: Between 2019-22, Nordea consistently stated support for the taxonomy in multiple website articles, through social media and in media articles.
Position on ESG Standards, Labels & Benchmarks: Nordea has been active in supporting an EU Green Bond Standard (EU GBS), with Nordea's executive adviser on sustainability Aila Aho serving as rapporteur for the EU GBS subgroup of the European Commission's Technical Expert Group (TEG). During 2020-2021, it t also supported the EU GBS in a website article, social media, and CDP responses.
Position on Integrating ESG into Investor Duties: Similarly, during 2021, Nordea has been supportive of the Sustainable Finance Disclosure Regulation (SFDR) on its website and a media article.
Lobbying Transparency: Nordea has disclosed some sustainable finance policy positions in website articles, but does not appear to have a clear dedicated disclosure of its engagement. Nordea has also disclosed its trade association memberships but has not given any further details of its governance of indirect influence.