Nordea issued more than EUR 3.6 billion in sustainable bonds during 2024, comprising green, green covered, and sustainability-linked loan bonds, bringing the bank's total outstanding sustainable issuance above EUR 14 billion, according to its Sustainable Funding Report 2024, published in June 2025.
The bank's green bond asset portfolio grew 21% year-on-year to EUR 9.07 billion from EUR 7.52 billion, driven by increased green loan origination and expanded matching of assets to energy performance certificate data. Nordea attributed the portfolio growth partly to improvements in the underlying data infrastructure that supports its green asset identification process.
RECOGNITION AND EMISSIONS PROGRESS
Nordea was named 'Best ESG Issuer' and 'Best FIG ESG Issuer' by CMD Portal for 2024.
On the climate-impact side, Nordea has reported falling financed emissions across its lending portfolio since 2019. Green loan origination, together with continued matching of energy performance certificates to lending data, drove the portfolio's growth in 2024.
UPDATED FRAMEWORK
Nordea completed the annual review of its Green Funding Framework at the end of the first quarter of 2025, with a renewed Second Party Opinion from ISS Corporate.
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