Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea — Debt Investor Presentation (May 2019)
23 slides from Nordea Bank Abp's debt investor presentation, May 2019
Slide 1: Green bond investor presentation
Green bond investor presentation May 2019
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Nordea believes that the expectations reflected in such forward-looking statements are reasonable, no assurance
Slide 3: Sustainability at Nordea
Sustainability at Nordea Habe foe: tly Nordea
Slide 4: Together with customers and partners Nordea enables the transition
Together with customers and partners Nordea enables the transition towards a g° sustainable future Nordea
Slide 5: Nordea's work on sustainability was initiated almost 20 years ago
Nordea’s work on sustainability was initiated almost 20 years ago Nordea’s Green Bond issuances are built on a long-term focus on sustainability New Group Sustainable Finance Head of organisation Sustainability New Sustainability CDP reporting Systematic ESG Policy screening of Head of CSR large cor
Slide 6: Nordea's Sustainability Governance
Nordea’s Sustainability Governance Board Operations and Compliance Committee Board committee established 2017 Group Executive Management CEO decides on strategic sustainability direction and focus areas including plans, targets and KPIs Business Ethics and Values Committee Decision-making committee
Slide 7: Current sustainability focus at Nordea
Current sustainability focus at Nordea Short-term sustainability targets* Achieved in 2018 New short term targets to reach by 2021 Enhance the ESG screening tools for Establish baseline for climate change and Ingrate sustainability into our savings responsible investment, financing and human rights-
Slide 8: ESG at Nordea
ESG at Nordea Dedicated ESG teams We also continuously assess and evaluate transformative themes and areas which we believe shape the future landscape of businesses, since social and technology change as well as climate change and other environmental issues impact business models. We have two dedica
Slide 9: 2018 selected highlights
2018 selected highlights Nordea was one of Nordea ranked as 28 banks from one of the top 100 Nordea Nordea is included around the world most sustainable representative in Bloomberg’s CFI Awards for who founded the corporations in the appointed as a 2019 Gender Best ESG Process Principles for world b
Slide 10: A well recognised sustainability background
A well recognised sustainability background Strong ESG ratings Sustainability acknowledgements Rating agency Rating Nordea’s publicly stated commitments: Company Rating: C (A+ to D-)* • The UN Environment Program Finance Initiative (signed 2001) ESG Score: 20.3 (0 to 100)** • The UN Global Compact (
Slide 11: Nordea Green Bonds
Nordea Green Bonds Habe foe: tly Nordea
Slide 12: Nordea rationale for issuing Green Bonds
Nordea rationale for issuing Green Bonds Sustainability is not only the right thing to do; it also mitigates risk and is financially smart Issuing Green Bonds… Green Bond market development (USDbn)* ...supports one of the most important aspects of sustainability at Nordea, namely conducting sustaina
Slide 13: Nordea Green Bonds issuance highlights
Nordea Green Bonds issuance highlights The transactions combine Nordea’s strong credit quality and a pan Nordic portfolio of Green Assets Summary • Nordea’s second Green Bond is a 7-year EUR 750m senior unsecured bond with a focus mainly on Green Buildings and Renewable Energy • Net proceeds will be
Slide 14: Use of Proceeds
Use of Proceeds Comments Green Bond Framework has six eligible Green Bond Asset Categories • Net proceeds of Green Bonds issued by Nordea will be used for Included in the Green Bond Asset current Green (re)financing of assets within the eligible Green Bond Asset Categories Subcategory SDG mapping* C
Slide 15: Green Bond Assets overview
Green Bond Assets overview Comments Green Bond Assets – breakdown by category • After the second Green Bond issuance Nordea’s outstanding Green 100% Clean Transportation Bonds amounts to EUR 1,250m, whereas the verified Green Bond Asset Portfolio per Q4 2018 amounts to EUR 2,275m 80% Pollution Preve
Slide 16: Green Bond Asset Portfolio overview
Green Bond Asset Portfolio overview The transactions reflect Nordea’s already large portfolio of Nordic Green Assets origination Green Bond Asset Portfolio per Q418 (EURm) Green Bond Green Bond Green Bond Assets amount Assets amount Reserve Description of underlying Category Sub-category Asset Portf
Slide 17: Selection and Evaluation of Green Assets
Selection and Evaluation of Green Assets A robust decision-making process defines how Green Bond Assets are approved Internal evaluation External evaluation Committee sign-off* 1 2 3 4 Verification Confirmation Nordea selects potential Nordea removes financing Nordea further removes The remaining fi
Slide 18: Management of Proceeds
Management of Proceeds Comments Green Bond Asset Portfolio reserve as of Q418* (EURm) • Nordea has established a Green Bond Register in relation to Green Bonds issued for the purpose of recording the Green Bond Asset Portfolio and the allocation of the net proceeds from Green Bonds to Green Bond Ass
Slide 19: Reporting
Reporting Green Bond documents published on Nordea’s website* Green Bond Report – impact reporting** • Nordea Green Bond Framework (November, 2018) Category Subcategory Impact measurement indicators • ISS-oekom Second Party Opinion (November, 2018) Renewable Energy Wind, Hydro and Solar Installed re
Slide 20: Nordea Green Bond Impact Report 2018 - highlights
Nordea Green Bond Impact Report 2018 - highlights “This Impact Report follows the guidelines for impact reporting, provided by Green Bond Principles (GBP). The report also takes into account the Nordic Public Sector Issuers’ Position Paper on Green Bonds Impact Reporting as well as the high- level g
Slide 21: External Review
External Review “ISS-oekom’s overall evaluation of the Green Bond Asset Portfolio of Nordea is positive.” Highlights from ISS-oekom’s Second Party Opinion ISS-oekom’s Corporate Rating • “Nordea has defined a formal concept for its Green Bond Asset Portfolio • Status: Prime regarding use of proceeds,
Slide 22: Green Bond Asset Categories overview
Green Bond Asset Categories overview Detailed description of Green Bond Asset Categories Category Project types “Renewable Energy” means generation and transmission of energy from renewable sources and manufacturing of the related equipment for: ▪ wind power ▪ solar power Renewable Energy ▪ hydro po
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