Nordea Green Funding Framework
Sustainability at the core
Further strengthened climate targets in our lending portfolio
40-50% reduction in financed emissions in our lending portfolio by 20301
6
Progress
~-25% (2023)
Sector
Sub-sector
Emissions
scope
Metric
Base year Baseline
Target
year
Target
Current status
AER,
Shipping
Vessels
1
2019
8.3
2030
-30%
8.4 AER (2021)
gCO2/dwt-nm
Residential
real estate
Households and tenant-
owner associations
1 and 2
kgCO2e/m2
2019
17.6
2030
-40-50%
17.1 kgCO2e/m2 (2022)
Power
Electricity generation
1 and 2
gCO2e/kWh
2021
2030
-70%
production
Agriculture
Crops, plantation and
hunting, and animal
husbandry
1 and 2
tCOe2/EURm
2021
-2030
-40-50%
Oil & gas
Exploration and production
1, 2 and 3
MtCO2e
2019
3.0
2030
-55%
0.06 MtCO2e (2022)
Drilling rigs and offshore
Offshore
service vessels within oil
and gas, and shipping
Thermal peat
Mining
2019
1,885
2025
-100%
EURM
EURM
2022
52
2025
-100%
EURM
Thermal coal
Restrictive policy, full phase-out achieved in 2021
1) compared to 2019 baseline and covering lending to corporates and households for business loans, motor vehicles, commercial and residential real estate and shipping: Progress excluding commercial real estate
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