Nordea Green Funding Framework
Use of proceeds - green covered bonds
Three eligible green covered bond asset categories in the
framework
Green bond asset category
Sub category
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 mapping*
11
SUSTAINABLE CITIES
THE COMMUNITIES
For buildings built before 31
December 2020
Renovations
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%
11
SUSTAINABLE CITIES
AND COMMUNITIES
SUSTAINABLE CITIES
JUNED COMMUNITIES
15
Use of proceeds
Selection and evaluation of
green bond assets
ā>>
Management of proceeds
* Source: Green and social bonds: A high-level mapping to the sustainable development goals, June 2018
AB
- The net proceeds of the green covered
bonds issued by either Nordea
Eiendomskreditt AS, Nordea Hypotek
(publ), Nordea Kredit
Realkreditaktieselskab, or Nordea
Mortgage Bank Plc (the "MCIS") 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
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