“The scale and importance of asset managers joining the Net Zero Asset Managers initiative sends a clear signal to the broader sector that the financial firepower of institutional investors will be determined to make real progress towards a net zero and resilient future. On the occasion of the fifth anniversary of the Paris Agreement, we invite all asset managers to join in the commitment to co-operation and cohesion cooperation, which will promote this initiative and the net zero transition. For more information: Ylva Hannestad, Deputy Co-Director of the Sustainable Finance Group, (0)733 57 74 16Petter Brunnberg, Senior Group Press Officer, `46 (0)738 66 10 87 We build strong and close relationships with our clients and society. Whenever people aspire to achieve their goals and dreams, we are there to offer relevant financial solutions. With approximately 10 million customers, we are one of the largest banks in the Nordic region in terms of overall market capitalization. Nordea shares are listed on Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm. Learn more about us on nordea.com. The United Nations Environmental Programme (UNEP) Funding Initiative has published a report decreasing the first steps taken by Nordea and 37 banks around the world to meet the climate targets of the Paris Agreement. Investors have also increased pressure on governments, as those managing assets of more than $34 trillion, or nearly half of the world`s invested capital, urgently called for action when leaders of the world`s 20 largest economies met last month. “The change is part of a broader climate and sustainability strategy, as well as how we view and manage risks and long-term returns. We are also seeing increased customer demand for more sustainable retirement products,” he said by email.
Nordea`s digital services have recently been recognized externally by the rating agency D-Rating, In its study, Nordea ranked 58 euros as a digital leader… – Set interim targets for 2030 so that assets are managed in accordance with the net zero target, which corresponds to a fair share of the 50% reduction in global CO2 emissions in the Intergovernmental Panel on Climate Change (IPCC) special report on global warming of 1.5 degrees Celsius. Ylva Hannestad, Deputy Director of the Sustainable Finance Group. 20-12-10 9:05 Sustainability The report provides an overview of concrete steps banks have taken in the first 12 months to deliver on their commitment to support the transition to a more environmentally friendly economy by 2050. The report shows that, overall, scientific climate scenarios are increasingly being used in bank strategies, and many banks have announced an exclusionary policy reflecting the timetables imposed by science to achieve “significantly less than 2 degrees” of global warming. The Fund`s objective is that not all of its combined investments contribute to global warming of more than 1.5oC, in accordance with the Paris Agreement. While most banks still have things to do before they can publish a full assessment of the direction of their portfolios and define and publish scenario-based targets, the 38 banks have committed to do so within three years of signing the commitment. With this innovative promise, the founding signatories of the principles representing more than $13 trillion in assets are taking concrete steps to put into practice their commitment to reconcile their activities with international climate goals.
Reports from Esha Vaish in Stockholm; Writing by Edmund Blair Overview and information on how to manage the effects of COVID-19.