CSR report 2011 published

The fourth edition of the Nordea CSR Report covering initiatives and activities in 2011 is now published.

At Nordea our long-term goal is to integrate CSR with the business and in that context we have chosen to follow international agreements on social responsibility and the climate. Nordea’s CSR work focuses on our core business – responsible lending and responsible investments. Other key areas include improving clarity of products and services, developing and retaining our employees and minimising the environmental impact of our day-to-day operations.

In 2007 Nordea signed the United Nations’ Principles for Responsible Investment (UNPRI), which means that we have taken the commitment to include environmental, social and governance (ESG) criteria in the investment process for all assets under our management.

Examples from the CSR Report 2011:

• From an ESG perspective Nordea also seems to be an attractive investment, as close to 31 per cent of Nordea’s shares are owned by PRI signatories.
• In 2011 new funds were launched that have ESG as part of the fundamental investment process. And in our own inhouse ESG analysis we aim to identify companies that will be the stars of tomorrow from an environmental and social perspective.
• Nordea was the best bank in the Nordic Carbon Disclosure Project report
• In order to better identify ESG risks in the credit process Nordea uses the Environmental Risk Assessment Tool (ERAT) and the supplementary Social and Political Risk Assessment Tool (SPRAT), as well as procedures based on the Equator Principles – all of which are continuously reviewed.

Read the entire CSR report here