Green is good – now prove it

05.11.2014

Green is good – now prove it

As the biggest bank in the Nordics, Nordea needs not only think greener and smarter in its everyday operations, but also prove it to customers and stakeholders. The indirect impact of business decisions is also becoming increasingly important to Nordea’s environmental and sustainability profile.

 

Today Nordea was awarded a certificate as a Disclosure Leader at the CDP (formerly Carbon Disclosure Project) ceremony in Stockholm. The CDP has pioneered a global disclosure system for companies to report their environmental impacts and strategies to investors. Nordea is among the 260 largest Nordic companies asked to report, and today scored a remarkable 96 points out of 100 in disclosure. That makes Nordea the highest scoring financial services company in the Nordic region – much due to the bank’s focused efforts on becoming greener.

Changing focus

The carbon footprint Nordea as a company leaves behind tomorrow, demands that we do better today. For a non-manufacturing company like Nordea, the largest contributors to carbon emissions are energy consumption and air travel. The CDP and other environmental reporting frameworks are now widening the scope of the reporting to include more emissions from the bank’s value chain, ie emissions deriving from products and services purchased and from the use of the products sold.

- The environmental features of the products we buy become more and more important. We will have to consider the emissions from investments we make and companies or projects we finance. This is challenging, but also presents opportunities as it indirectly puts a price on carbon, says Tone Lauritzen, manager of the EcoFootprint programme.

Green is good

The carbon disclosures from the physical headquarters are also a focus area when trying to reduce Nordea’s carbon footprint.The overall ambition is to certify the buildings according to the best international standards, which is why Nordea has chosen the LEED (Leadership in Energy and Environmental Design) certification to measure the bank’s green efforts when improving and building the new headquarters. Based on LEED requirements, much effort has gone into making the new and renovated buildings energy- and water efficient, ensuring proper waste handling and, for the new buildings, also keeping them green when selecting building materials and the use of renewable energy.

Customers and other stakeholders are paying more and more attention to the bank’s environmental profile. Now is the time to put actions behind good intentions and show tangible results – both for Nordea, the environment and not least for customers.

- Our customers are challenging us to do better, do greener and think smarter in our everyday operations and in the products and services we offer. They are judging us by our efforts in sustainability when deciding if they should rely on Nordea for their banking needs. Being awarded the CDP certificate helps us to communicate our efforts to both stakeholders and the general public, says Tone Lauritzen.

FACTS:

• 81% of the world’s largest public companies listed on the Global 500 engage with CDP to enable effective measurement of their carbon footprint and climate change action.

• The CO2 emissions Nordea reported to the CDP included the following components: energy consumption, business travel (air, rail and road), leased employee cars, waste, paper, distribution of letters and finally the carbon footprint of two of our funds, Emerging Stars and Swedish Stars.

• Nordea will work to reduce emissions from these sources and also evaluate if other sources should be included in the years to come.

• The LEED certification used when building our new headquarters consists of five categories: sustainable sites, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality.


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