#1Nordea Green bond investor presentation#2Disclaimer This presentation contains forward-looking statements that reflect management's current views with respect to certain future events and potential financial performance. Although Nordea believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward- looking statements as a result of various factors. Important factors that may cause such a difference for Nordea include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate, (iii) change in the regulatory environment and other government actions and (iv) change in interest rate and foreign exchange rate levels. This presentation does not imply that Nordea has undertaken to revise these forward-looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided. 2 Nordea#3Nordea Sustainability at Nordea#4Sustainability at the core We have built up strong competence and capacity within the area of sustainability. With an enhanced product and service offering, we are well positioned to play a leading role in supporting our customers in the transition to net zero. We see great opportunities and strong demand for investing in and financing new green technologies and the transition of carbon-intensive industries - and aim to accelerate our positive impact. Our climate action objectives Net-zero emissions by 2050 at latest 40-50% reduction in emissions across investment and lending portfolios by 2030 50% reduction in emissions from internal operations by 2030 4#5UN-backed Principles for Responsible Investment (UNPRI) A history of focus on sustainability 2007 Nordea part of founding the Corporate Human Rights Benchmark Sustainable finance team 2016 2017 green bond offering 2015 Global climate and environment strategy Nordea 2008 Responsible investment team Stars (ESG) equity strategies 2009 2011 First nordic bank to offer Nordea gets a seat in the EU Commission Technical Expert Group on Sustainable Finance 2018 Only Nordic bank to collaborate on creating UNEP FI Principles for responsible banking 2018 Launch of green mortgages first own green bond 2018 2018 2018 New products Strategy and development External partnerships and recognitions Integration of sustainability preference in advisory savings tool sustain- Nordea Life & Pension ability- linked loans becomes founding member of Net-Zero Asset Owner Alliance 2019 2019 Launch of CO2 tracker green car loans 2019 Nordea Asset Management becomes founding member of Net-Zero Asset Manager Alliance Launch of Global Gender Diversity Strategy fund 2019 green corporate loans 2019 Nordea wins ESG Engagement initiative of the year for our engagement with the pharmaceutical industry Nordea joins PCAF (Partnership for Carbon Accounting Financials) 2020 launch of Sustainable Choice 2020 Joined Net-Zero Banking 2020 New sector guideline for the fossil fuel based industries Nordea's CEO joins UNEP FI Leadership Council 2020 New sustainability strategy and long term targets Green loans for SMEs through collaboration with EIB Alliance 2021 2021 2021 2021 2021 2019#6Nordea key 2021 climate actions Increase positive impact Channeling capital towards sustainable solutions #1 ranking for sustainable finance - Nordic sustainable bonds, overall and corporate Nordic sustainability-linked syndicated loans, overall and corporate EUR 9.7bn in on-balance sheet green lending Article 8 and 9 investment funds - AuM up 21% to EUR 195bn Decrease negative impact Engaging to support green transition Tangible plans in place to reduce emissions in climate-vulnerable sectors Consolidated sector-specific customer emissions data and sector-specific pathways under preparation Active ownership - voted at 4,200 AGMS/EGMs and joined 45 nomination committees 6 Sources: Dealogic, Bloomberg and banks' own websites and green bond reports Nordea#7Clear 2025 targets to meet climate objectives 7 Sustainability targets are anchored through strong governance Board of Directors Board operations and sustainability committee (BOSC) Board Audit Committee (BAC) Board risk committee (BRIC) Board Remuneration and People Committee (BRPC) Group Leadership Team Sustainability and ethics committee (SEC) Personal Banking Business Banking Asset & Wealth Management Large Corporates & Institutions Group Functions ✓ 2025 sustainability targets Facilitate sustainable financing 2022-25 Double share of net-zero committed AuM Asset Management EUR >200bn 100% 35% Net zero 18% 2021 2025 Transition plans for large corporates Exposure in climate-vulnerable sectors Alignment with Paris Agreement for top 200 emitters Portfolios in Asset Management 90% covered by transition plans 80% aligned/subject to active engagement Nordea#88 Green transition - balancing opportunities and risks Maximise opportunities by supporting customers Transition financing needs in Nordics¹ ESG share of AuM and net flow² EURbn EUR 116bn 45 37 22 12 101% Net flow, % ESG 115% 33% 37% AuM other AuM ESG 67% 63% 2022 2023 2024 2025 2020 2021 Manage risks Climate-vulnerable exposure Sector assessment (total lending, EURbn) Climate-vulnerable sectors 328 86 8% A Assessment completed 26% Oil, gas and offshore, Shipping, Mining 62% 2021 30% B Assessment under way Power, Utilities, Real estate management C Assessment planned Other climate-vulnerable sectors Financed emissions Transition financing Commitment, capability, balance sheet capacity, and depth and breadth of customer relationships will make Nordea winner among fierce competition Sustainable savings Globally well positioned for high-growth, high- margin and capital-light business Example of learnings Oil, gas and offshore Replace proxies Support with customer data customers Sector deep dive assessments Engage to support customers in establishing credible green transition paths (e.g. investments in green vessels) Transition to reduce emissions and de-risk operations (e.g. offshore) Proxy data Customer Customer selection data & transition plans 1. Sources: Boston Consulting Group (BCG) and Global Financial Markets Association (GFMA) 2. ESG = article 8 and 9 funds, prior years not shown as Sustainable Finance Disclosure Regulation (SFDR) classification not available prior to 2020 Nordea#9Nordea will support its corporate clients in their transition to a sustainable economy Nordic league table (EURbn) Sustainability Nordea 21 leadership Peer 1 15 Accelerate our Peer 2 14 support for clients' Peer 3 11 transitions All bonds o.w. Sustainability bonds Shift to green Drive change through future- oriented capital allocation Climate-vulnerable exposure -20% 2019 2021 9 1.90% of our exposure to climate-vulnerable sectors to be backed by credible transition plans by 2025 Leverage #1 position in Nordic sustainable finance • Invest in ESG sector advisory capabilities Strengthen ESG steering and data EUR 200bn sustainable finance facilitation Expand portfolio and services • Reduce financed emissions by 40-50% by 2030 Exit offshore sector with EUR ~1bn lending portfolio 90% transition plans¹ by 2025 Nordea#10Nordea is a leading and transparent ESG provider in savings 10 Strong foundation to build on Long-term commitment to ESG Signed the UN's Principles for Responsible Investment in 2007 Active ownership through engagement since 2008 ESG integrated in investment processes since 2010 Delivering excellent performance Investment performance, 3Y (%) 127 61 81 8374 81 36 53 Emerging European Global Stars Global Stars Stars Equity Equity Fund Climate and Equity fund Nordea fund Fund Benchmark Source: Factsheets, BI share classes, December 2021 Environment Fund Key activities ESG strategies > 60% Further improve and integrate ESG product offering - Improve methodology for bonds Single fund level compliance - Full integration of ESG across customer segments Engage with top emitters During 2022, initiate engagement with all 200 top contributor companies classified as not aligning with the Paris Agreement, either on our own or via partnerships such as the Climate Action 100+ investor engagement initiative of the asset base 2025 sustainability targets Double share of net-zero committed AuM Asset Management 100% 35% Net zero 18% 2021 2025 Alignment with Paris Agreement for top 200 emitters Portfolios in Asset Management 80% aligned/subject to active engagement in AM Nordea#11Nordea ESG product overview 11 Corporate ESG advisory ESG research Sustainable bonds - Sustainability linked loans - Green lending - Green deposits - Green loans at reduced rate to SME's together with European Investment Fund (EIF) - Green car financing Household - Green mortgages Green car financing Sustainable Choice investment products - Co2 monitoring via app - Energy efficiency loans Savings - One of the largest ESG asset managers in Europe EUR 195bn AuM in ESG products (SFDR article 8 & 9) Generating close to 100% of net inflow Nordea#12Nordea's regular reporting 12 12 Nordea Annual Report 2020 Nordea Nordea Sustainability Report 2020 Nordea • Capital and Risk Management Report 2020 Provided by Nordea Bank Abp on the basis of its consolidated situation Capital and Risk Management Report Third Quarter 2021 Provided by Nordea Bank Abp on the basis of its consolidated Annual report Transaction volumes of sustainable financing · Sustainability offerings Non-Financial Statement Conflict of interest policy You can find all of these, and additional resources on nordea.com Sustainability report Nordea's sustainability commitments - Climate action and climate risk assessments - TCFD and GRI Index - From 2022, the sustainability reporting is integrated into the annual report Pillar 3 capital and risk management report Risk management, methodology and governance - Regulatory developments Going forward, in line with new EBA regulations the report will further focus on ESG risk Nordea#13Nordea's regular reporting 13 Nordea Responsible Report 2 Nordea Nordea Nordea Sustainability Policy Code of Conduct Responsible Investment Policy Nordea Nordea Sector Guideline for the Fossil Fuel based Industries Nordea Nordea Nordea Sector Guideline The Defence Industry Nordea Nordea Sector Guideline for the Shipping Industry Nordea Nordea Sector Guideline for the Gambling Industry HYDERABAD PHARMACEUTIC POLLUTION CRIS Nordea Nordea Position Statement on Climate Change 11032 15 19 Nordec IMPACTS OF PHARMACEUTICAL POLLUTION ON COMMUNITIES Green Bond Fran AND ENVIRONMENT IN INDIA October 2021 Green Bond Report Nordeo Policies Nordea's code of conduct - Sustainability policy - Responsible investment policy Nordea tax policy You can find all of these, and additional resources on nordea.com/ sustainability Position statements and sector guidelines - Position statement on climate change - Position statement on tax - Sector guidelines for agriculture, defense, forestry, fossil fuels, gambling, mining, real estate and shipping Reports - - - Sustainability report (Annual report) Responsible investments report Green Bond Framework and green bond reports Thematic engagement reports Nordea#14Nordea Nordea commitments and ESG ratings#15Externally validated sustainability commitment MSCI ESG Rating: AA (AAA to CCC) - Other commitments Co-founders of UNEP FI principles for responsible banking - Founding members of collective commitment to climate action - Founding member net-zero asset owner alliance (Life & Pension) - Founding member net-zero asset manager initiative - Joined partnership for carbon accounting financials (PCAF) - Founding member of the Poseidon principles for the shipping industry - Joined net-zero banking alliance SUSTAINALYTICS ESG Score: 20.6 (0 to 100) Signatories to international conventions UNEP FINANCE INITIATIVE PRI Principles for Responsible Investment ISS ESG‣ Company Rating: C (A+ to D-)* EQUATOR PRINCIPLES UN GLOBAL COMPACT United Nations Global Compact Nordea also follows the United Nations' Universal Declaration of Human Rights, ILO-conventions and the OECD Guidelines for Multinational Enterprises in our operations and business. Nordea#16Nordea Nordea green bonds and green bond framework#17Nordea green issuance overview EUR green bond issuance (Nordea Bank Abp) February 2022 Nordea Bank Abp - EUR 1bn 5y Green Senior Non-Preferred EUR 1bn MS+60bp Nordea "The issuer was able to exceed expectation both in terms of being one of the first-time mover to issue in the EUR FIG market post the rates turmoil' Green mortgage issuance (Nordea MCI's) November 2021 Nordea Eiendomskreditt AS - NOK 7bn FRN Covered 5 year NOK 7bn 3mNibor +18bp Nordea 'This was the first green NOK benchmark covered bond transaction in the market. The very strong investor demand and attractive pricing highlights the strong investor recognition of the Nordea name, in addition to the extra value of the green element for this very well-timed transaction' Nordea July 2021 Nordea Nordea Kredit Realkreditaktieselskab - DKK Benchmark/Tap Covered 3 year March 2021 Nordea Bank Abp - EUR 500m 10y Green Senior Non-Preferred EUR 500bn MS+52bp 'The final spread of MS+52 bps represents the tightest EUR SNP/Hold-Co issued in 2021, in addition to being the tightest 10yr SNP/Hold-Co spread to date in the EUR market' May 2019 Nordea Bank Abp - EUR 750m 7y Green Senior Preferred EUR 750bn MS+18bp 'There were more than 100 geographically diversified investors participating in the deal. More than 75% of the bonds were allocated to real money accounts' June 2017 Nordea Bank Abp - Inaugural Green Bond EUR500m 5y Senior Unsecured EUR 500bn MS+18bp 'The tightest spread for a EUR Bank Senior Green Bond to date, EUR1.3bn book and 100+ investors' Match funded principle Tap issuance July 2024 maturity Nordea Nordea July 2019 Nordea Kredit Realkreditaktieselskab - DKK Benchmark/Tap Covered 3 year Nordea Match funded principle Tap issuance July 2022 maturity Nordea#18Use of proceeds - Nordea MCIS Highlights of the Green Bond Framework Nordea's Green Bond Framework is updated annually, most recently in October 2021 - Nordea adheres to the latest edition of the Green Bond Principles* - ISS ESG provides a second party opinion (SPO) and an annual re- assessment of the sustainability quality of the bonds including Nordea's Green Bond Framework, green bond asset portfolio and sustainability performance - The main update in 2021 is the inclusion of covered bonds in the framework, which enables all Nordea MCI's to issue green covered bonds in addition to the issuance from Nordea Bank Nordea - 2021 green bond asset category additions Green residential buildings and energy efficiency & renovation added as new categories in the covered portfolios - Green assets are defined in accordance with the EU Taxonomy technical screening criteria (TSC) for real estate as applicable - Construction of new buildings; energy performance certificate (EPC) is at least 10% lower than the threshold set for the nearly zero-energy building (NZEB) - For buildings built before 31 December 2020; EPC class A or alternatively within the top 15% of the national or regional building stock - Major renovations or leading to a reduction of primary energy demand (PED) of at least 30% Some amendments and specifications have also been made for existing green asset categories 18 Green Bond Framework October 2021 * Published by the International Capital Markets Association, latest updated in June 2021 Nordea#19Use of proceeds - Nordea Bank Six eligible green bond asset categories in the framework Green bond asset category Sub category SDG mapping* Wind power Solar power Renewable energy Hydro power Energy efficiency Integration of renewable energy into the transmission network Energy storage and transmission, district heating Certified green buildings Water and waste water management Green buildings Pollution prevention and control Waste management Waste-to-energy Electric cars Clean transportation Sustainable management of living natural resources Public transportation / Freight transportation Sustainable forestry Sustainable agriculture Sustainable aquaculture SDG:s 3, 7, 8, 9, 11, 12, 13 Comments - SDG:s 7, 8, 9 SDG 11 SDG:s 3, 11, 12 SDG 11 SDG:s 2, 11, 12, 14, 15 - Net proceeds of green bonds issued by Nordea will be used for (re)financing of assets within the eligible green bond asset categories Green bond asset categories have been identified by Nordea as aiming to increase positive or reduce negative impact on the environment Assets are verified by an external verifier to be consistent with the green bond principles and the verifier's own criteria Any addition to the green bond asset portfolio is subject to the verification by the external verifier - Each category is mapped towards the UN sustainable development goals (SDG) - Net proceeds of any Nordea green bond shall NOT be used towards financing of: Nuclear or fossil fuel energy operations Weapons and defence Coal mining Tobacco 19 Use of proceeds - Nordea Bank Selection and evaluation of green bond assets Management of proceeds * Source: Green and social bonds: A high-level mapping to the sustainable development goals, June 2018 Nordea#20Selection and evaluation of green bond assets - Nordea Bank A robust decision-making process defines how green bond assets are approved 20 1 2 Internal evaluation 3 External evaluation Committee sign-off* Verification Confirmation Nordea selects potential green assets from each financing that is originated by relevant business units according to Nordea's financing criteria and proposed for selection by the business units Nordea removes financing that does not qualify (or where the client of such financing does not qualify) as Green Bond Assets Nordea further removes financing that is deemed ineligible (or where the client of such financing is deemed ineligible) in reference to Nordea's ESG assessment process The remaining financing is evaluated by sustainability experts within Nordea, after which the qualifying financing is deemed as potential green bond assets Verification of the potential green bond assets is then performed by the external SPO provider. The qualifying assets are included in the green bond register and constitute the green bond asset portfolio The green bond committee reviews the green bond asset portfolio and confirm the allocation to green bond assets of the proceeds of green bond issuances Use of proceeds Selection and evaluation of green bond assets - Nordea Bank Management of proceeds Nordea#21Use of proceeds - Nordea MCIS Nordea Bank - green assets versus issuance, (EURbn)* 2.8 1.0 3.8 Outstanding amount of green Reserve amount Green bond asset portfolio 21 bonds Use of proceeds Selection and evaluation of green bond assets Management of proceeds - Nordea Bank * Green bond asset portfolio size according to latest verified information, Second Party Opinion December 2021 Nordea has established a green bond register in relation to green bonds issued for the purpose of recording the green bond asset portfolio and the allocation of the net proceeds from green bonds to green bond assets - The net proceeds are deposited in the general funding accounts and earmarked for allocation in the green bond register - - The composition and amount of green bond assets is internally reviewed on a quarterly basis to account for repayments and drawings Nordea's intention is to maintain an aggregate amount of green bond assets that is at least equal to the aggregate amount of outstanding green bonds In case not enough green bond assets are available, net proceeds from green bonds will be held in accordance with Nordea's normal liquidity management policy Nordea#22Nordea covered bond operations Four aligned covered bond issuers with complementary roles Legislation Cover pool assets Cover pool size* Covered bonds outstanding* OC* Issuance currencies Rating (Moody's / S&P) Included in Nordea Green Framework Issued Green CB's Nordea Eiendomskreditt Nordea Hypotek Nordea Kredit + Norwegian Norwegian residential mortgages EUR 21.0bn (eq.) EUR 9.1bn (eq.) 130% NOK Aaa/ - Yes Yes (inaugural issue in 2021) Swedish Swedish residential mortgages primarily EUR 61.9bn (eq.) EUR 35.6bn (eq.) 74% SEK Aaa / - Yes COVERED BOND -LABEL- Nordea Mortgage Bank + Danish Danish residential & commercial mortgages Balance principle EUR 60.3bn (eq.)* 8%** DKK, EUR Finnish Finnish residential mortgages primarily EUR 23.5bn EUR 20.8bn 13% EUR, GBP - / AAA Yes Aaa/ - Yes Yes (inaugural issue in 2019) Covered bonds are an integral part of Nordea's long term funding operations - Issuance in Scandinavian and international currencies - All Nordea covered bond issuance entities (MCI's) are covered by Nordea's updated 2021 green bond framework Reported values as per Q321 ** The figures in Nordea Kredit only include capital centre 2 (SDRO). Nordea Kredit no longer reports for CC1 (RO), as this capital centre only accounts for a minor part (<1%) of the outstanding volume of loans and bonds Nordea#23Use of proceeds - Nordea MCIS Three eligible green bond mortgage asset categories in the framework Green bond asset category Sub category SDG mapping* Construction of new buildings Energy performance certificate (EPC) is at least 10% lower than the threshold set for the nearly zero-energy building (NZEB) SDG 11 Use of proceeds - Nordea MCIS The net proceeds of the green covered bonds issued by either Nordea Kredit Realkreditaktieselskab, Nordea Mortgage Bank Plc, Nordea Eiendomskreditt AS or Nordea Hypotek AB (publ), are intended to be used, directly or indirectly, to finance or refinance assets that: are eligible for being included in the general cover pool of the respective Nordea MCI, and - satisfy certain eligibility requirements that promote climate- friendly and other environmental purposes For buildings built before 31 December 2020 Renovations 23 Use of proceeds - Nordea MCI'S EPC class A or alternatively within the top 15% of the national or regional building stock SDG 11 Major renovations or leading to a reduction of primary energy demand (PED) of at least 30% Selection and evaluation of green bond assets SDG 11 Management of proceeds * Source: Green and social bonds: A high-level mapping to the sustainable development goals, June 2018 Nordea#24Selection and evaluation of green mortgage assets - Nordea MCIS Selection process 1 2 3 Nordea chooses potential green assets from each financing that is originated by Nordea according to Nordea's financing criteria (including the regulatory cover pool eligibility criteria) and proposed for selection by the business units Nordea removes financing that does not qualify (or where the customer of such financing does not qualify) as green assets The remaining financing is evaluated by sustainability experts within Nordea, after which the qualifying financing is deemed as potential green assets Selection and evaluation of green covered bond assets - The Nordea covered bond issuing entity will complete the specific process when selecting and evaluating financing within the green covered bond asset categories that qualify as green assets to be included in the green asset portfolios - The green covered bond committee meets and reviews potential green assets on a quarterly basis Allocation of the proceeds of any green covered bond issuances to the green covered bond assets is done on a portfolio level 24 4 The green covered bond committee reviews the potential green assets. The qualifying assets are included in the green covered bond register(s) and constitute the green covered bond asset portfolios Use of proceeds Selection and evaluation of green bond assets Management of proceeds - Nordea MCI's * The Green Bond Committee includes members from relevant units within the sustainability expert functions, treasury functions, business as well as risk-, investor relations and legal functions Nordea#25Management of proceeds - Nordea MCIS Nordea Eiendomskreditt green mortgage assets (EURbn)* 0,8 0,7 Nordea Eiendomskreditt green CB Nordea Kredit green mortgage assets (EURbn)** 1,5 Nordea Kredit green CB Use of proceeds 1,5 Reserve amount Nordea Eiendomskreditt green mortgage assets 1,5 Reserve amount Nordea Kredit green mortgage assets Selection and evaluation of green bond assets * Green bond asset portfolio size as per 31 December 2021 **Nordea Kredit operate matched funding principle Management of proceeds - Nordea MCI's Management of proceeds - Nordea will establish a register in relation to green covered bonds issued by each Nordea covered bond issuer for the purpose of recording the green asset portfolios and the intended allocation of the net proceeds from green covered bonds to green assets Nordea#26Nordea Nordea green assets#27Nordea green lending - EUR 9.7bn Nordea Group green issuance/ green asset portfolios, (EUR bn) 4,0 2,3 2,6 2,9 2,3 0,8 1,3 0.5 0.5 2017 2018 2019 2020 2021 Nordea Group green lending, (EUR bn) 27 3,8 1,5 1,5 2,9 6,8 Nordea green lending Total green lending of EUR 9.7bn including Nordea MCI's Strong growth in green asset portfolio in 2021 9,7 Nordea Bank Abp Nordea Eiendomskreditt Nordea Kredit Other green assets* Total green lending Nordea#28Green bond assets - Nordea Bank Green bond assets - breakdown by category EUR 3.8bn 100% 80% 60% 40% 20% 0% Green bond asset portfolio - Green bond assets – breakdown by subcategory EUR 3.8bn Energy efficiency 100% ■Clean transportation 80% 60% ■Pollution prevention and control Green buildings 40% Electric ferries ■ Electric cars ■ Electric trains Energy efficiency ■Waste-to-energy Water and waste water management ■Certified green buildings ■Solar 20% ■Renewable energy 0% ■Hydro power Green bond asset portfolio Wind power * Nordea's Green Bond Asset Portfolio consists of lending towards eligible uses of proceeds and in order for the Second Party Opinion provider to verify the portfolio, it must only contain existing assets. It is however Nordea's ambition to keep increasing the volume of the Green Bond Asset Portfolio in the future, and Nordea's Green Bonds will support the growth of green financing. Nordea#29Nordea Reporting and external review#30External review - ISS ESG SPO update ISS ESG‣ SECOND PARTY OPINION (SPO) Sustainability Quality of the Issuer and Asset Pool Nordea Bank Abp 09 November 2021 Relevant standards VERIFICATION PARAMETERS Type(s) of instruments contemplated Validity Green Covered Bond • Green Band Principles as administered b Technical Expert Group Final Report on associated Technical Annex Delegated A Nordea Green Bond Framework (as of N Nordea Green Covered Bond portfolio (a Pre-issuance verification This SPO is valid for Nordea's outstandin issuances and as long as the asset portfo until the first to occur of (a) the release verification of these issuances (expected December 31, 2022. ESG performance Sustainability impacts of lending and other financial services/products Customer and product responsibility Sustainable investment criteria Labour standards and working conditions Scope of verification Lifecycle Highlights from ISS ESG's second party opinion - The Use of Proceeds are consistent with Nordea's sustainability strategy and material ESG topics for the industry. The rationale for issuing Green Finance Instruments is clearly described. The Use of Proceeds description is aligned with the GBPs. The prescribed categories are all within the GBPs and the exclusions ensure further adherence to the standard. - The process for selection is robust and the green eligible projects are aligned with the relevant activity specific EU Taxonomy Technical Screening Criteria and Minimum Social Safeguards requirements on a best effort basis. ESG's corporate rating - Transparency Level: Very high - Decile rank: 1 30 ©2021 Institutional Shareholder Services and/or its affiliates Business ethics C B A Legend: Industry Company - According to ISS ESG Corporate Rating Nordea shows a high sustainability performance against the industry peer group on key ESG issues faced by the Commercial Banks & Capital Market sector. Nordea is rated 27th out of 300 companies within its sector. Nordea#31Reporting Nordea Bank Green bond report - impact reporting Subcategory Impact measurement indicators Category Installed renewable Wind, hydro and Renewable energy energy production solar capacity (MW) Energy efficiency Smart grids, energy storage, district heating Amount of energy saved (MW) Green buildings Green buildings Pollution Water and waste water management prevention and control Waste-to-energy Public Clean transportation / transportation freight transportation Sustainable management of living natural resources Sustainable forestry and agriculture Estimation of avoided CO2e emissions compared to baseline Estimation of avoided CO2e emissions Amount of energy saved (MW) Water withdrawals or treatment capacity (m3/day) Production capacity (MW) Estimation of avoided CO2e emissions Estimation of avoided CO2e emissions Land area certified Green bond documents published on Nordea's website - Nordea green bond framework (October 2021) ISS ESG second party opinion (December 2021) - ISS ESG second party opinion green covered (November 2021) - - - - Nordea green bond report (2020) ESG's corporate rating - The amount of net proceeds allocated within each green bond asset category The remaining balance of net proceeds which has not yet been allocated to green bond assets Examples of green bond assets (subject to confidentiality agreements) Information on environmental impacts of the green bond assets (see table to the right) It is Nordea's intention to report these figures on an annual basis 31 Nordea#32Contacts: 32 Investor Relations Matti Ahokas Head of Investor Relations Mobile: +358 40 575 91 78 [email protected] Maria Caneman Debt IR and ratings Mobile: +46 768 24 92 18 Tel: +46 10 156 50 19 [email protected] Juho-Pekka Jääskeläinen Senior IR Officer Mobile:+358 40 550 91 11 Tel:+358 9 5300 6435 [email protected] Group Treasury Anders Frank-Læssøe Group Treasurer, Head of Group Treasury Tel: +45 55477672 Mobile: +45 61612157 [email protected] Ola Littorin Head of Long Term Funding Tel: +46 8 407 9005 Mobile: +46 708 400 149 [email protected] Petra Mellor Head of Bank Debt Tel: +46 8 407 9124 Mobile: +46 70 277 83 72 [email protected] Nordea