Green Bond Framework Presentation

Sustainability focus across the group Sustainability business development 2020 Number of customers that have been advised in savings where sustainability preferences have been considered 242,000 In Q1-Q4 2020 Total AuM in ESG products EUR 73bn In Q4 2020 +16% Q3/Q4 2020 Net volumes sustainable savings EUR 1.2bn in Q1-Q4 2020 Mortgages with green collaterals, volume EUR 352m In Q4 2020 +22% *** Q3/Q4 2020 Sustainability ratings ISS ESG‣ Company Rating: C (A+ to D-)* 8 * Highest rating within sector is C+ ** Acknowledgements for our sustainability work • • • . Best ESG process (CFI.co) Corporate Knights (top 100) Nordea Asset Management in the top 10 list of best-selling asset managers within sustainable funds (Morningstar) and won the 'ESG engagement initiative of the year' prize in the 2020 Sustainable Investment Awards Nordea funds received high rankings in the responsibility assessment in a responsible investment report by the UN . Constituent of the FTSE4Good Index Series FTSE4Good Highlights 2020 • • Updated plan to fully integrate sustainability into the business strategy with the objective to achieve net zero emissions by 2050 at the latest Joined Partnership for Carbon Accounting Financials (PCAF) & founding member Net-Zero Asset Manager Initiative New tool for comparing sustainability footprint of investment portfolios Launched energy-saving loan in Denmark • Upgraded MSCI rating (AA) SUSTAINALYTICS ESG Score: 21.9 (0 to 100)** MSCI ESG Rating: AA (AAA to CCC) Nordea Lower score represents lower ESG risk (scale has changed, previously the other way around) *** Green mortgages in Sweden, Finland and Norway. Green loans in Nordea Kredit for corporate customers excluded

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