Nordea has issued its first-ever green bond, worth €500 million, which commits to use funds to invest in supporting environmentally-friendly projects.
A green bond represents a bond where Nordea, as an issuer, states that the use of the proceeds is to finance or refinance assets and loans that have positive environmental and/or climate impact.
This could involve loans to customers with investments in renewable energy segments like wind and hydro.
Nordea, which serves more than 10 million personal customers and more than half a million corporate customers in the Nordic region, said the issue was well received by investors and was a natural step in Nordea’s ambition to expand its involvement in sustainable finance.
Promoting businesses and innovations with sustainable solutions on energy and infrastructure is a priority in its investment and lending policies and guidelines.
CEO Casper von Koskull said: “I am delighted to see a very tangible effort that shows our commitment to deliver on our sustainability agenda and work towards a greater good in line with our purpose.”