Investor Presentaiton

8 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

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