Green Bond Framework Presentation

Use of Proceeds Comments • . • 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. The Green Bond Framework allows for a broad range of categories (see table for categories included in current Green Bond Asset Portfolio) Assets that have been verified by an external verifier to be consistent with the Green Bond Principles and the verifier's own criteria, will be included in the Green Bond Asset Portfolio Any addition to the Green Bond Asset Portfolio is subject to the verification by the external verifier 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 Green Bond Asset Category Renewable Energy Energy Efficiency 14 Use of Proceeds Selection and Evaluation of Green Bond Assets Subcategory Green Bond Framework six Asset Categories Included in the current Green Bond Asset Portfolio? SDG mapping* Wind power Solar power Hydro power ✓ Yes ✓ Yes ✓ Yes SDG:s 3, 7, 8, 9, 11, 12, 13 Integration of renewable energy into the No Green Buildings Pollution Prevention transmission network Smart grids, Energy storage, District heating Certified green buildings Water and waste water management Yes SDG:s 7, 8, 9 ✓ Yes SDG 11 ✓ Yes SDG:s 3, 11, 12 and Control Waste-to-energy ✓ Yes Electric cars ✓ Yes SDG 11 Clean Transportation Public transportation / ✓ Yes Sustainable Management of Living Natural Resources Freight transportation Sustainable forestry No Sustainable agriculture ✓ Yes SDG:s 2, 11, 12, 14, 15 Management of Proceeds * Source: GREEN AND SOCIAL BONDS: A HIGH-LEVEL MAPPING TO THE SUSTAINABLE DEVELOPMENT GOALS, June 2018 Reporting External Review Nordea

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