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Nordea Green Funding Framework

Selection and evaluation of green bond assets - Nordea Bank A robust decision-making process defines how green bond assets are approved 12 1 2 Internal evaluation 3 4 External evaluation Committee sign-off Verification Confirmation We identify potential green bond assets from among the financing originated by each of the relevant business units according to our financing criteria and proposed for selection by the units. We remove financing that does not qualify, whether due to the financing itself or the customer. We remove financing deemed ineligible according to our ESG assessment process, whether due to the financing itself or the customer. Our sustainability experts evaluate the remaining financing and qualify it as potential green bond assets where appropriate. Our external second party opinion provider verifies the potential green bond assets. The assets that qualify are recorded in our green bond register and included in our green bond asset portfolio. Our Sustainable Funding Committee (SFC) subsequently confirms the assessments made by our staff in relation to the green bond asset categories. Use of proceeds Selection and evaluation of green bond assets - Nordea Bank Management of proceeds Nordea

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