Nordea Green Funding Framework
Use of proceeds - Nordea Bank
Six eligible green bond asset categories in the framework
Green bond asset
category
Sub category
Wind power
-
Solar power
Renewable energy
Energy efficiency
SDG mapping*
Hydro power
Integration of renewable energy
into the transmission network
Production of hydrogen
Energy storage and transmission,
district heating
AFTURBALL AND
CLEAN ENERGY
CLIMATE
13 ACTION
SUSTAINABLE CITIES
AM COMMUNITIES
Green buildings
Certified green buildings
Water and waste water
management
GOOD HEALTH
AND WELL-BEING
Pollution prevention and
control
Waste management
Waste-to-energy
AFFORBALL AND
CLEAN ENERGY
CLEAN INSTE
AND SANITATION
13 CLIMATE
ACTION
Clean transportation
Sustainable management
Electric cars
Electric vehicles/Hydrogen fuel
cell vehicles
Sustainable forestry
ATTORDABLE AND
CLEAN ENERGY
CLIMATE
13 ACTION
Sustainable agriculture
of living natural resources
Sustainable aquaculture
2
ZERU
HUMBER
14
BELON WATER
15 萬
ON LAND
SSS
Comments
-
Nordea's green funding framework adheres to the latest edition
of the green bond principles and is reviewed annually, most
recently in December 2023
Net proceeds of green bonds issued will be used for
(re) financing of assets within the eligible green asset categories
- Green bond asset categories have been identified by Nordea as
aiming to increase positive or reduce negative impact on the
environment
-
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
- ISS Corporate provides a second party opinion (SPO) of the
sustainability quality of the bonds including Nordea's green
funding framework, the selection criteria and asset pool, the
alignment of the Green Covered Bond asset portfolios with the
EU Taxonomy on a best-efforts basis and consistency of the
instruments with Nordea's sustainability strategy.
11
* Source: Green and social bonds: A high-level mapping to the sustainable development goals, June 2018
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