Green Bond Framework Presentation

Selection and Evaluation of Green Bond Assets A robust decision-making process defines how Green Bond Assets are approved Internal evaluation External evaluation Committee sign-off* 1 2 3 Verification Confirmation Nordea selects potential Green Assets from each financing that is originated by relevant business units according to Nordea's financing criteria and proposed for selection by the business units Nordea removes financing that does not qualify (or where the client of such financing does not qualify) as Green Bond Assets Nordea further removes financing that is deemed ineligible (or where the client of such financing is deemed ineligible) in reference to Nordea's ESG assessment process The remaining financing is evaluated by sustainability experts within Nordea, after which the qualifying financing deemed as potential Green Bond Assets Verification of the potential Green Bond Assets is then performed by the external Second Party Opinion provider. The qualifying assets are included in the Green Bond Register and constitute the Green Bond Asset Portfolio The Green Bond Committee will then review the Green Bond Asset Portfolio and confirm the allocation to Green Bond Assets of the proceeds of Green Bond issuances Use of Proceeds Selection and Evaluation of Green Bond Assets Management of Proceeds Reporting External Review 17 * The Green Bond Committee includes members from relevant units within the sustainability expert functions, treasury functions, business as well as risk- and legal functions Nordea

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