Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Debt Investor Presentation (March 2024)
27 slides from Nordea Bank Abp's debt investor presentation, March 2024
Slide 1: Nordea
Nordea et .
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect management's current views with respect to certain future events and potential financial performance. Although Nordea believes that the expectations reflected in such forward-looking statements are reasonable, no assurance
Slide 3: Sustainability at Nordea
Nordea Sustainability at Nordea
Slide 4: A history of focus on sustainability
UN-backed Principles, for Responsible Investment (UNPRI) Nordea Life & Pension becomes founding member of Net:-Zero Asset Owner Alliance 2019 A history 2007 of focus on Nordeaasset 2019 ° one Management sustainabilit ‘cameo member of Net- ® Wordenois | ygZetaet | 2009 2019 PCAF (Partnership Nordea w
Slide 5: Sustainability at the core
CO2 € x2 5 3) Group Leadership Team (GLT), GLT-1 and GLT-2
Slide 6: Sustainability at the core: climate targets in lending portfolio
Sustainability at the core Further strengthened climate targets in our lending portfolio Progress ~-25% (2023) Sector Sub-sector Emissions Metric Base year Baseline Target year Target 2023 actuals 2023 vs scope baseline Residential — Households and tenant-owner 0 16.6 real estate associations Tand2
Slide 7: Sustainability at the core: actively engaging to drive transition
Sustainability at the core Actively engaging to drive transition Channelling capital towards sustainable solutions Green and sustainability-linked loans Total volumes, EURbn 11.6% 12.0% fs sustainability-inked 95% “gq 9.2 (oans 239 251 Nordea Asset Management Assets under management, EURbn IM Green
Slide 8: Externally validated sustainability commitment
Sustainability at the core Externally validated sustainability commitment MSCl ESG Rating: AA (Aaa to ccc) lll) {D SUSTAINALYTICS ESG Score: 15.8 (0 to 100)! ISS ESG> Company Rating: C (A+ to D-)? S&P Global f CSA score: 66 (0 to 100)? 8 1) Lower score represents lower €SG risk 2) Highest rating wit
Slide 9: Sustainability ambitions reflected in capital markets milestones
Sustainability at the core Nordea’s sustainability ambitions reflected in capital markets milestones - Expanding Nordea’s green issuance into four new currencies CHF, GBP, SEK and NOK, and SLL into EUR and Tier 2 in EUR in 2023 - Broadening Nordea’s footprint with sustainable investors - Issued abov
Slide 10: Green funding framework
Nordea Green funding framework
Slide 11: Green funding — Nordea Bank
Green funding — Nordea Bank Green asset categories in the framework Percentages of the total green bond assets Renewable energy - 15% Energy efficiency - 2% Energy storage and SEES + Wind power r + Solarpower 6 transmission, district [Pou ed Hydro power heating Intergration of renewable energy into
Slide 12: Internal evaluation
1 Internal evaluation 2 - 3 - 4 Committee sign-off
Slide 13: Outstanding amount of green bonds / Deposits with climate focus
- - 7,5 - 3,8 - 1,3 Outstanding amount of green Deposits with climate focus Green bond asset portfolio bonds
Slide 14: Green bond asset portfolio breakdown
Wind Sustainable management 100 % 100 % Water and Waste Water of living natural resources Management Waste to Energy 80 % 80 % Energy efficiency Transmission Sustainable forestry 60 % 60 % Clean transportation Sustainable aquaculture Solar 40 % 40 % Pollution prevention and Hydro control Green Build
Slide 15: Green funding — Covered bonds
Green funding — Covered bonds Green asset categories in the framework Construction of new buildings il + Energy performance certificate (EPC) is at least ia 10% lower than + the threshold set for the nearly zero-energy building (NZEB) For buildings built before 31 December 2020 + EPC class A or alte
Slide 16: Green funding — Covered bonds: decision-making process
Green funding — Covered bonds Arobust decision-making process Defines how green covered bond assets are approved The Nordea MCIs identify potential green covered bond assets from among the financing originated according to their financing criteria (including the regulatory cover pool eligibility cri
Slide 17: Outstanding green covered bonds vs assets
Green funding — Covered bonds Outstanding green covered bonds vs assets EURbn 3,2 2,9 Nordea Eiendomskreditt Nordea Eiendomskreditt Nordea Mortgage Nordea Mortage green CB green assets Bank green CB Bank green assets 25) 2,1 21 iA Nordea Kredit green CB Nordea Kredit green assets Nordea Hypotek gree
Slide 18: Sustainability-linked loan funding framework
Nordea Sustainability-linked loan funding framework
Slide 19: Sustainability-linked loan funding criteria
Sustainability-linked loan funding Sustainability-linked loan criteria Climate change mitigation is currently the only asset KPI SLL Principles KPls and SPTs + Be alinged with the vintage of the + Have key preformance indicators (KPIs) original SLL Principles (LMA, APLMA, and targets (SPTs) that are
Slide 20: Operational overview of SLL asset selection
Sustainability-linked loan funding Operational overview of SLL asset selection Innovation based on a strong sustainability knowledge and governance Nordea chooses potential sustainability-linked loans that are originated 4, by relevant business units according to Nordea’s financing criteria and Asse
Slide 21: Outstanding bonds vs assets
Sustainability-linked loan funding Outstanding bonds vs assets EURbn a Outstanding amount of SLL bonds Data from 31 December 2023 SLL asset portfolio Management of proceeds We have established a register in relation to SLL funding by Nordea for the purpose of recording the SLL funding assets and the
Slide 22: External review and reporting
Nordea External review and reporting
Slide 23: Green funding — External review: ISS Corporate SPO
Green funding External review — ISS Corporate SPO ISS-CoRPORATE > SECOND PARTY OPINION (SPO) ‘Sustainability Quality ofthe Issuer and Asset Poo! Nordea Bank Abp VERIFICATION PARAMETERS 23 sustainniny cquatty of tne caters Aligned Norse hypotek AB pu (the "Nordea MCE") he Green Bonds wil feimance ete
Slide 24: Nordea Bank sustainable funding report
Green funding Nordea Bank sustainable funding report Category Subcategory Impact measurement indicators Wind, hydro, solar Installed renewable Estimated CO2e Renew ele and hydrogen energy production emissions energy a dnetion e ote (Mw) avoided relative a EW to baseline Energy transmission, Estimate
Slide 25: Sustainability-linked loan funding: ISS ESG's external review
Sustainability-linked loan funding ISS ESG's external review 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 26: 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 27: Contacts
Contacts: Investor Relations Maria Caneman Head of Debt IR and Ratings Mobile: +46 768 24 92 18 Tel: +46 10 156 50 19 [email protected] Juho-Pekka Jaaskelainen Senior IR Officer Mobile:+358 40 550 91 11 Tel:+358 9 5300 6435 juho-pekka,[email protected] Group Treasury Anders Frank-Laesso
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