Nordea

InfluenceMap Score
C+
Performance Band
73%
Organisation Score
54%
Relationship Score
Sector:
Financials
Head​quarters:
Helsinki, Finland
Brands and Associated Companies:
Nordea Asset Management
Official Web Site:
Wikipedia:

Nordea appears to be fairly active in advocating for regulation on sustainable finance. 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. In 2019-20, Nordea stated support for the update to the non-binding guidelines for reporting climate-related information under the NFRD in a website article and CDP response. In 2021, Nordea supported the SEC's role in mandating corporate ESG disclosure.

Between 2019-21, Nordea consistently stated support for the taxonomy in multiple website articles, through social media and in media articles. Nordea stated support for the creation of EU green labels and standards in response to the European Commission's High-Level Expert Group (HLEG) in 2017 and since then has been active in supporting an EU Green Bond Standard, 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). Similarly, during 2021, it has been supportive of the SFDR on its website and a media article.

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.

QUERIES
DATA SOURCES
10NS120NS
120NS11NS
1NS102NSNS
1NS121NSNS
11101NSNS
2111NSNSNS
1NSNS11NSNS
NSNSNSNSNSNSNS
0NANANANANANA
0NANANANANANA
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
48%
 
48%
 
42%
 
42%
 
48%
 
48%
 
55%
 
55%
 
56%
 
56%
 
81%
 
81%

How to Read our Relationship Score Map

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.