Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Debt Investor Presentation (2025)
33 slides from Nordea Bank Abp's debt investor presentation, 2025
Slide 1: Sustainable funding 2025
Nordea Sustainable funding 2025
Slide 2: Why is sustainability important to us?
Why is sustainability important to us? 1 2 3 We want to support Sustainability is Contributing to our customers better for business sustainable societies We understand the challenges We believe that companies with We provide financial and opportunities our customers sustainable business models servi
Slide 3: A history of focus on sustainability
UN-backed Principles for Responsible Nordea Life & Pension Investment (UNPRI) becomes founding member of Net-Zero Asset Owner Alliance Sustainability -linked loans AAhistory Global climate and history of focus on sustainability 2007 environment strategy Integration of sustainability Launch of CO2 tr
Slide 4: Our sustainability objectives
Long-term commitments and objectives supported by short term targets Our sustainability objectives CO2 Become a net-zero emissions bank by 2050 at the latest Gender balance 40-50% 50% reduction in emissions across investment and lending portfolios reduction in emissions from internal operations by 2
Slide 5: Nordea is well on-track to reach its 2030 financed emissions target
Sustainability at the core Nordea is well on-track to reach its 2030 financed emissions target Portfolio-wide 2030 target for the lending portfolio Decarbonisation levers in the lending portfolio MtCO2e MtCO2e -36% -40-50% 23.1 25 23.1 20 0.8 14.8 0.7 14.8 6.0 13.9 15 3.1 1.5 0.2 10 5 0 Base year Ex
Slide 6: Progress on 2030 sector targets for the lending portfolio
Progress on 2030 sector targets for the lending portfolio Since 2021 Nordea has set eight sector targets and transition pathways relative to Paris-aligned benchmarks. The sector targets combined represented 68% of Nordea’s exposures and 57% of Nordea’s financed emissions in its lending portfolio in
Slide 7: One third of total lending accounts for ~90% of total financed emissions
One third of total lending accounts for ~90% of total financed emissions Distribution of exposure and emissions per asset class Sectoral breakdown in the corporate portfolio (business loans) % of total % of total Data Sector Portfolio 3% 9% Sector emissions lending quality1 target target 11% Agricul
Slide 8: Customer dialogue plays a significant role in accelerating the transition
Customer dialogue plays a significant role in accelerating the transition Nordea’s proprietary tool for assessing the maturity of customers’ transition plans assists Nordea in supporting its customers in their transition, managing transition risks and identifying financing opportunities. 86% of our
Slide 9: Enhanced focus on sustainable funding
IFR Sustainability at the core Sustainable Issuer of the Enhanced focus on sustainable funding Year - 2023 Nordea’s green bond asset portfolio • EUR 24.1bn assets available for green funding Green buildings - EUR 9.1bn in NBAbp green bond asset portfolio 6% 2% - EUR 15bn available assets for green c
Slide 10: A leading position in sustainable funding
Growing sustainable funding A leading position in sustainable funding Sustainable funding outstanding, EURbn The leading sustainable issuer in Europe - EUR 1.2bn green bonds issued during H1 2025, 16.6 equivalent across different currencies: 15.7 1.0 1.0 - CHF 175m 7y senior non-preferred bond 1.8 1
Slide 11: We engage with our customers to drive sustainable growth
Sustainability at the core We engage with our customers to drive sustainable growth Green assets and sustainability-linked loans Sustainable finance facilitation1 Total volumes, EURbn Accumulated volumes, EURbn • Facilitated EUR 213bn in sustainable financing since 14.2% 13.0% 213 200 start of 2022
Slide 12: Green funding framework
Nordea ‘ A 2 : es Green funding framework
Slide 13: Green asset categories in the framework
Green funding – Nordea Bank Green asset categories in the framework - Nordea’s green funding framework adheres to the latest edition Percentages of the total green bond assets of the green bond principles and is reviewed annually, most Energy efficiency - 2% recently in March 2025 Renewable energy -
Slide 14: A robust decision-making process
Green funding – Nordea Bank A robust decision-making process Defines how green bond assets are approved We identify potential green bond assets from among the financing originated by each of the 1 relevant business units according to our financing criteria and proposed for selection by the units. In
Slide 15: Outstanding green bonds vs assets
Green funding – Nordea Bank Outstanding green bonds vs assets EURbn - We have established a green bond register, where we record the composition of our green bond asset portfolio and state how we intend to allocate the net proceeds of our green bonds to green bond assets - An amount equal to the net
Slide 16: Green bond assets – Nordea Bank
Green funding – Nordea Bank Green bond assets – Nordea Bank Green bond assets – breakdown by category Green bond assets – breakdown by subcategory Wind Sustainable management 100% Water and waste water 100% of living natural resources management Waste to energy 80% Transmission 80% Energy efficiency
Slide 17: Green asset categories in the framework
Green funding – covered bonds Green asset categories in the framework Construction of new buildings • Energy performance certificate (EPC) is at least 10% lower than the threshold set for the nearly zero-energy building (NZEB) - The net proceeds of the green covered bonds issued by either Nordea Eie
Slide 18: A robust decision-making process
Green funding – covered bonds A robust decision-making process Defines how green covered bond assets are approved The Nordea MCIs identify potential green covered bond assets from among the financing 1 originated according to their financing criteria (including the regulatory cover pool - The green
Slide 19: Outstanding green covered bonds vs assets
Green funding – covered bonds Outstanding green covered bonds vs assets EURbn - We have established green covered bond registers recording composition of the 5.1 green covered bond asset portfolios and 2.8 3.3 state how we intend to allocate the net 1.8 proceeds of green covered bonds issued Nordea
Slide 20: Sustainability-linked loan funding framework
Sustainability-linked loan funding framework
Slide 21: Sustainability-Linked Loan funding framework
Sustainability-linked loan funding Sustainability-Linked Loan funding - The Sustainability-Linked Loan (“SLL”) funding framework framework allows Nordea Bank Abp to issue bonds with reference to the impact of the SLLs on Nordea’s balance sheet in a Use-of- Proceeds format - The SLL assets in scope h
Slide 22: Innovation based on strong sustainability knowledge and governance
Sustainability-linked loan funding Innovation based on strong sustainability knowledge and governance Asset selection Operational overview of SLL asset selection Nordea chooses potential SLLs that are originated by relevant business To be eligible for inclusion in the portfolio, a loan must meet 1 u
Slide 23: Outstanding bonds vs assets
Sustainability-linked loan funding Outstanding bonds vs assets EURbn - All SLL funding assets are recorded in a register which manages the allocation of the net proceeds from SLL funding to SLL funding assets 0.3 Non-compliant loans - The composition and amount of SLL funding assets is internally re
Slide 24: Portfolio development
Sustainability-linked loan funding Portfolio development • Nordea is committed to report and provide at least annually readily Total SLL asset portfolio size available information on the total eligible Total volumes, EURm portfolio of SLLs as long as we have SLL bonds outstanding 2,502 1,692 893 • A
Slide 25: External review and reporting
External review and reporting
Slide 26: Second party opinion by ISS ESG
Green funding Second party opinion by ISS ESG Highlights from second party opinion by ISS ESG - The Issuer has defined a formal concept for its green bonds, green covered bonds and green deposits regarding the use of proceeds, processes for project evaluation and selection, management of proceeds, a
Slide 27: Nordea Bank sustainable funding report
Green funding Nordea Bank sustainable funding report Sustainable funding reporting contents Category Subcategory Impact measurement indicators - the amount of net proceeds allocated within each green Wind, hydro, solar, Installed renewable Estimated CO2e bond asset category and, when possible and re
Slide 28: External review by ISS ESG
ISS ESG’s external review Sustainability-linked loan funding External review by ISS ESG - Nordea has engaged ISS ESG to act as an external reviewer of this SLL funding framework and the SLL funding assets - “ISS ESG developed a tailor-made assessment methodology to provide an opinion on the robustne
Slide 29: SLL funding framework reporting
Sustainability-linked loan funding SLL funding framework reporting Annual SLL bond report SLL bond report is published annually and includes: - The amount of net proceeds that have been allocated to the impact objectives and, when possible and relevant, further information related to the type, numbe
Slide 30: Breakdown of the allocation – Sector and KPIs
Sustainability-linked loan funding Breakdown of the allocation – Sector and KPIs Total Sector # of EURm KPI theme and type H1 2024 (NACE section) companies allocation (EURM) Compliant loans • The SLL asset portfolio as of H1 2024 A - Agriculture, forestry and fishing Scope 1 and 2 (Absolute) 1 52 52
Slide 31: Breakdown of the allocation - Confirmation of the compliance
Sustainability-linked loan funding Breakdown of the allocation - Confirmation of the compliance Compliance checks Total Included in the portfolio # Sector (NACE section) 2021 2022 2023 H1 2024 (EURm) • As per the Sustainability-Linked Loan Compliant loans Principles, the performance related to the 1
Slide 32: SLL case studies
Sustainability-linked loan funding SLL case studies Case 1: Case 2: Case 3: Case details Case details Case details Company name Pandora Company name Hempel Company name Wallenius Wilhelmsen Group Facility maturity 2026, 2 years extension Facility maturity 2024 Facility maturity 2028 and 2029 • Reduc
Slide 33: Contacts: Investor Relations
Contacts: Investor Relations Group Treasury Stefan Bartholdson Juho-Pekka Jääskeläinen Group Treasurer, Head of Group Treasury Head of Debt IR and Ratings Tel: +45 703238660 Mobile:+358 40 550 91 11 Stefan.Bartholdson@nordea.com Tel:+358 9 5300 6435 juho-pekka.jaaskelainen@nordea.com Ola Littorin He