NORD/LB Group Presentation
Sustainability at NORD/LB
Our transformation programme covers a wide range of ESG issues - with a strong
focus on strengthening governance
Dimension
E
S
G
Finanzgruppe
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Activities of NORD/LB (selection)
Signatories to the Climate Commitment of the German Financial Sector
CO2 footprint measured: Implementation of CO2 accounting for transparency measurement of the CO₂ footprint for
~52% of the financing portfolio with a focus on the corporate book and project finance (incl. emissions-intensive
sectors)
NORD/LB is one of the world's leading financiers of renewable energies (~€ 10.5 billion) and sustainable real estate
(~€ 4 billion)
NORD/LB's Green Bond Programme complies with the Green Bond Principles. Successful first issue of
€ 500 million Green Senior Preferred Bonds in benchmark size. This means that the current green funding volume
totals around € 2.8 billion (Green Pfandbriefe & Senior Bonds)
Analysis of selected parts of the portfolio for EU taxonomy compliance
Target: Expansion of the definition of sustainable products to include social suitability criteria
Enhancement of the existing ESG guidelines, Human rights officer already started to work
Integration of ESG components in target agreements of the board members and leading employees
Formalise and strengthen internal governance and organisation on the topic of ESG -> ESG Strategy implemented
Definition and collection of key performance indicators (KPI and KRI) for internal sustainability management
reporting
ESG training for the Managing Board, managers and employees on ESG topic was implemented as part of an ESG
Academy
Integration of ESG risks in key elements of the risk framework, in particular risk strategy, risk inventory and risk
appetite
Anchoring ESG aspects in the credit process and credit risk
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