Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Debt Investor Presentation (February 2021)
24 slides from Nordea Bank Abp's debt investor presentation, February 2021
Slide 1: Green bond investor presentation
Green bond investor presentation February 2021
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
Sustainability at Nordea Habe foe: tly Nordea
Slide 4: Nordea's sustainability journey
Nordea’s sustainability journey • Enhanced weapon policy • Fixed income STARS fund • New corporate values framework • Excludes investments • Green bond framework • CDP companies involved • Inaugural green bond in nuclear weapons issuance • Excludes cluster • Emerging STARS • EITI • Climate change po
Slide 5: Next step in our sustainability journey: elevated ambition level and enhanced customer support
Next step in our sustainability journey: elevated ambition level and enhanced customer support Our purpose is the starting point As a leading bank we are well positioned to drive change Together, we lead the way, enabling dreams and everyday aspirations for a greater good Sustainability integrated i
Slide 6: A strong sustainability governance
A strong sustainability governance Board Operations and Compliance Committee Board committee established 2017 Group Executive Management CEO decides on strategic sustainability direction and Signatories to international conventions focus areas including plans, targets and KPIs Business Ethics and Va
Slide 7: Selected Polices & Publications
Selected Polices & Publications All of these, and Policies additional, • Nordea’s Code of Conduct documents can • Sustainability Policy be found at • Responsible investment policy Nordea.com • Nordea Tax Policies /sustainability Position statements & sector guidelines • Position Statement on Climate
Slide 8: Sustainability focus across the group
Sustainability focus across the group Sustainability business development 2020 Acknowledgements for our sustainability work • Best ESG process (CFI.co) Number of customers Total AuM in ESG • Corporate Knights (top 100) that have been advised in products savings where • Nordea Asset Management in the
Slide 9: Sustainable banking – inspire and enable our customers to make sustainable choices
Sustainable banking – inspire and enable our customers to make sustainable choices Nordea is fully committed to making the financial sector more sustainable Offering Risk management Commitments Financing Investments Advice • Board Operations and • Co-Founders of UNEP FI Sustainability Committee and
Slide 10: ESG at Nordea
ESG at Nordea Dedicated ESG teams Nordea continuously assess and evaluate transformative themes and areas which we believe shape the future landscape of businesses, since social and technology change as well as climate change and other environmental issues impact business models. Nordea have two ded
Slide 11: Nordea Green Bonds
Nordea Green Bonds Habe foe: tly Nordea
Slide 12: Nordea rationale for issuing Green Bonds
Nordea rationale for issuing Green Bonds Sustainability is not only the right thing to do; it also mitigates risk and is financially smart Issuing Green Bonds… Sustainable debt market development (USDbn) ...supports one of the most important aspects of sustainability at Issuance of sustainable debt
Slide 13: Nordea Green Bonds issuance highlights
Nordea Green Bonds issuance highlights The transactions combine Nordea’s strong credit quality and a pan Nordic portfolio of Green Assets Summary • Nordea has issued two senior unsecured green bonds (EUR 500m 5Y and EUR 750m 7Y) with a focus mainly on Green Buildings and Renewable Energy • Net proce
Slide 14: Use of Proceeds
Use of Proceeds Comments Green Bond Framework six Asset Categories • Net proceeds of Green Bonds issued by Nordea will be used for Included in the Green Bond Asset current Green (re)financing of assets within the eligible Green Bond Asset Categories Subcategory SDG mapping* Category Bond Asset Portf
Slide 15: Green Bond Assets overview
Green Bond Assets overview Green Bond Assets – breakdown by category Green Bond Assets – breakdown by subcategory 100% Energy Efficiency Electric Ferries 80% Clean Transportation 100% Electric Cars 60% Pollution Prevention and Control 40% Green Buildings 80% Electric trains 20% Renewable Energy Ener
Slide 16: Green Bond Asset Portfolio per August 2020 (EURm, rounded)
Green Bond Asset Portfolio per August 2020 (EURm, rounded) As of August 2020, Nordea has switched to a portfolio level allocation of proceeds from Green Bonds issued Green Bond Green Bond Green Bond Assets amount Assets amount Description of underlying Category Sub-category Reserve amount Asset Port
Slide 17: Selection and Evaluation of Green Bond Assets
Selection and Evaluation of Green Bond Assets A robust decision-making process defines how Green Bond Assets are approved Internal evaluation External evaluation Committee sign-off* 1 2 3 4 Verification Confirmation Nordea selects potential Nordea removes financing Nordea further removes The remaini
Slide 18: Management of Proceeds
Management of Proceeds Comments Green Bond Asset Portfolio reserve as of 08/2020 (EURm)* • Nordea has established a Green Bond Register in relation to Green Bonds issued for the purpose of recording the Green Bond Asset Portfolio and the allocation of the net proceeds from Green Bonds to Green Bond
Slide 19: Reporting
Reporting Green Bond documents* Green Bond Report – impact reporting** • Nordea Green Bond Framework (August 2020) Category Subcategory Impact measurement indicators Installed renewable Estimation of avoided Wind, Hydro and • ISS ESG Second Party Opinion (August 2020) Renewable Energy energy product
Slide 20: External Review
External Review “The overall sustainability quality of the asset pool in terms of sustainability benefits, risk avoidance and minimisation is good based upon the ISS ESG Green Bond KPIs.” Highlights from ISS ESG’s Second Party Opinion ISS ESG’s Corporate Rating • “The issuer has defined a formal con
Slide 21: Green Bond Asset Categories overview
Green Bond Asset Categories overview Detailed description of Green Bond Asset Categories Category Project types “Renewable Energy” means generation and transmission of energy from renewable sources and manufacturing of the related equipment for: • wind power • solar power Renewable Energy • hydro po
Slide 22: Nordea Deal Review – Inaugural EUR 500m Green Senior Preferred due June 2022
Nordea Deal Review – Inaugural EUR 500m Green Senior Preferred due June 2022 Timeline (CET) Allocations – Investor type Key terms Issuer Nordea Bank AB (publ) Nordea announces RS for its 16 June inaugural Green Bond, Banks, Expected rating Aa3/AA-/AA- (Moody’s / S&P / Fitch) EUR500m (no grow), 11% S
Slide 23: Nordea Deal Review – EUR 750m Green Senior Preferred due May 2026
Nordea Deal Review – EUR 750m Green Senior Preferred due May 2026 Timeline (CET) Allocations – Investor type Key terms 09:20 Issuer Nordea Bank Abp Books open Expected rating Aa3/AA-/AA- (Moody’s / S&P / Fitch) EUR Benchmark 7-year Green CBs & senior preferred OIs, 11% Status Senior Preferred IPTs M
Slide 24: Contacts
Contacts Investor Relations Matti Ahokas Andreas Larsson Randie Atto Casimir von Frenckell Head of Investor Relations Head of Debt Investor Relations Debt IR Officer Group Sustainability Mobile: +358 40 575 91 78 Mobile: +46 709 707 555 Mobile: +46 738661724 Tel: +358 9 5300 5562 Tel: +46 10 156 29
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