Nordea Green Funding Framework
Selection of green covered bond assets
Selection process
1
2
The Nordea MCIs identify potential green covered bond assets from among the financing
originated according to their financing criteria (including the regulatory cover pool eligibility
criteria) and proposed for selection by the business units.
The MCIs remove financing that does not qualify, whether due to the financing itself or the
customer.
3
Our sustainability experts evaluate the remaining financing and qualify it as potential green
covered bond assets where appropriate.
4
Our Green Covered Bond Committee reviews the potential green covered bond assets. The
assets that qualify are recorded in the relevant green covered bond register and included in the
relevant green covered bond asset portfolio.
- The Green Covered Bond Committee is a
subcommittee of the SFC. It meets to
review potential green assets on a
quarterly basis
The proceeds of green covered bond
issues are allocated to green covered
bond assets at the portfolio level
The proceeds are thus intended to be
allocated, directly or indirectly, to all
assets in the green covered bond asset
portfolio in equal shares
16
Use of proceeds
Selection and
evaluation of green
Management of
proceeds
bond assets
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