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Select an assessment year:

  • Overall approach
    5/16
    • Overarching commitment on deforestation
      4/14
      Deforestation commitment
      Understanding of the risks
      4/14
      "About one third of the earth is covered by forests. Forests are critical to our terrestrial ecosystem and biodiversity. Forests absorb carbon dioxide, produce oxygen and provide habitat for animal and plant species. Forests are also the source of a multitude of socially and economically valuable benefits". "Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)"
    • Company must have anti-corruption policy
      1/2
      Anti-corruption
      Anti-corruption policy
      1/2
      "As investors we demand that business take a proactive approach towards corruption, implement adequate anticorruption measures and improve transparency."
  • Commodity score
    19/64
    • Beef & Leather
      7/64
      • Commitment Strength
        3/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          3.6/5.6
          • Commitment details
            Yes - Encourage
            2/4
            Commitment details
            Yes - Encourage
            2/4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Palm oil
      26/64
      • Commitment Strength
        23/42
        • Commodity-specific financing policy
          9.2/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Deforestation-free
            "Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            This policy is from Nordea Asset Management. "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
        • Companies must protect priority forests or globally important landscapes
          5.2/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Encouraged
            4/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Encouraged
            4/8
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
        • Assurance mechanism to ensure compliance
          5.2/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Verification method: Certification Scheme

            Certification scheme (if applicable): RSPO
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Nordea AM acknowledges the risks related to palm oil production including deforestation, biodiversity, GHG emissions and labour rights. Therefore, we expect companies across the palm oil value chain to make sufficient efforts towards ensuring traceability, creating relevant policies aligned with a No Deforestation, No Peat, No Exploitation (NDPE) policy and Roundtable on Sustainable Palm Oil (RSPO) standards as well as maximizing the use of Certified Sustainable Palm Oil."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          3.6/5.6
          • Commitment details
            Yes - Encourage
            2/4
            Commitment details
            Yes - Encourage
            2/4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
            Commitment details
            No
            0/4
            Type of policy: Forced Labour; Child Labour; Freedom of association
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Soy
      7/64
      • Commitment Strength
        3/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We set clear expectations on corporate ESG management and performance in our investments and ownership activities and communicate these expectations to companies we are invested in and other stakeholders. As a responsible investor we expect that investee companies operate in line with our commitment to the PRI and in observance of existing laws and regulations, international humanitarian law and international conventions, as well as standards for sound environmental, social and governance performance. "
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          3.6/5.6
          • Commitment details
            Yes - Encourage
            2/4
            Commitment details
            Yes - Encourage
            2/4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Building on our norms-based screening process Nordea has developed its own Community Impact Benchmark to help us identify companies exposed to community impact risks and encourage improved risk management by companies with operations that have high environmental and social impacts on local communities. Companies from the Energy, Utilities and Materials sectors, with four confirmed controversies identified in our norms-based screening process, of which at least one with negative community impact are included in the benchmark. Indicators include human rights and environmental management and impact assessment on company and project level, FPIC process and stakeholder consultation, Severity, Responsiveness to controversies, and Remediation."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Timber, Pulp & Paper
      37/64
      • Commitment Strength
        34/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems • Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems • Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems • Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems • Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems • Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)".
        • Companies must be legally operated
          5.6/5.6
          • Commitment details
            Entire supply chain - Require
            4/4
            Commitment details
            Entire supply chain - Require
            4/4
            "Nordea expects companies to prevent the use of illegally cut and traded forestry products throughout the supply chain".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Nordea expects companies to prevent the use of illegally cut and traded forestry products throughout the supply chain".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea expects companies to prevent the use of illegally cut and traded forestry products throughout the supply chain".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea expects companies to prevent the use of illegally cut and traded forestry products throughout the supply chain".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Nordea expects companies to prevent the use of illegally cut and traded forestry products throughout the supply chain".
        • Companies must protect priority forests or globally important landscapes
          7.4/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Required
            6/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Required
            6/8
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)". "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)". "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)". "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)". "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way including refraining operations that negatively affect High Conservation Value Forests (HCVF)". "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
        • Assurance mechanism to ensure compliance
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): FSC

            Verification method: Certification Scheme
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes [...] Managing forests and wood supply chains in a sustainable way and certify in accordance with the standards of the Forest Stewardship Council (FSC), the Programme for the Endorsement of Forest Certification (PEFC) or other similar certification systems".
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes; • Having a Code of Conduct and a Supplier Code of Conduct ensuring ethical business practices and striving for best practices as well as a compliance function including whistle blower and grievance mechanisms".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes; • Having a Code of Conduct and a Supplier Code of Conduct ensuring ethical business practices and striving for best practices as well as a compliance function including whistle blower and grievance mechanisms".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes; • Having a Code of Conduct and a Supplier Code of Conduct ensuring ethical business practices and striving for best practices as well as a compliance function including whistle blower and grievance mechanisms".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes; • Having a Code of Conduct and a Supplier Code of Conduct ensuring ethical business practices and striving for best practices as well as a compliance function including whistle blower and grievance mechanisms".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Nordea expects forest sector clients and portfolio companies to, in addition to the adherence to applicable national laws and regulations, such as the EU Timber Regulation, follow and respect internationally recognized norms and standards in all areas of their operations. For the forest industry this includes; • Having a Code of Conduct and a Supplier Code of Conduct ensuring ethical business practices and striving for best practices as well as a compliance function including whistle blower and grievance mechanisms".
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of association
            "Nordea expects companies to [...] refrain from involvement in forestry operations in areas protected by international conventions and respect the objectives and rights with regards to children, indigenous people, workers, modern slavery, environment, biological diversity and wildlife as expressed in [...] the ILO Worst Forms of Child Labour Convention (no 182) • Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87) • Right to Organise and Collective Bargaining Convention, 1949 (No. 98) • Forced Labour Convention, 1930 (No. 29) (and its 2014 Protocol) • Abolition of Forced Labour Convention, 1957 (No. 105) • Equal Remuneration Convention, 1951 (No. 100) • Discrimination (Employment and Occupation) Convention, 1958 (No. 111)".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Nordea expects companies to [...] refrain from involvement in forestry operations in areas protected by international conventions and respect the objectives and rights with regards to children, indigenous people, workers, modern slavery, environment, biological diversity and wildlife as expressed in [...] the ILO Worst Forms of Child Labour Convention (no 182) • Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87) • Right to Organise and Collective Bargaining Convention, 1949 (No. 98) • Forced Labour Convention, 1930 (No. 29) (and its 2014 Protocol) • Abolition of Forced Labour Convention, 1957 (No. 105) • Equal Remuneration Convention, 1951 (No. 100) • Discrimination (Employment and Occupation) Convention, 1958 (No. 111)".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Nordea expects companies to [...] refrain from involvement in forestry operations in areas protected by international conventions and respect the objectives and rights with regards to children, indigenous people, workers, modern slavery, environment, biological diversity and wildlife as expressed in [...] the ILO Worst Forms of Child Labour Convention (no 182) • Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87) • Right to Organise and Collective Bargaining Convention, 1949 (No. 98) • Forced Labour Convention, 1930 (No. 29) (and its 2014 Protocol) • Abolition of Forced Labour Convention, 1957 (No. 105) • Equal Remuneration Convention, 1951 (No. 100) • Discrimination (Employment and Occupation) Convention, 1958 (No. 111)".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Nordea expects companies to [...] refrain from involvement in forestry operations in areas protected by international conventions and respect the objectives and rights with regards to children, indigenous people, workers, modern slavery, environment, biological diversity and wildlife as expressed in [...] the ILO Worst Forms of Child Labour Convention (no 182) • Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87) • Right to Organise and Collective Bargaining Convention, 1949 (No. 98) • Forced Labour Convention, 1930 (No. 29) (and its 2014 Protocol) • Abolition of Forced Labour Convention, 1957 (No. 105) • Equal Remuneration Convention, 1951 (No. 100) • Discrimination (Employment and Occupation) Convention, 1958 (No. 111)".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Nordea expects companies to [...] refrain from involvement in forestry operations in areas protected by international conventions and respect the objectives and rights with regards to children, indigenous people, workers, modern slavery, environment, biological diversity and wildlife as expressed in [...] the ILO Worst Forms of Child Labour Convention (no 182) • Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87) • Right to Organise and Collective Bargaining Convention, 1949 (No. 98) • Forced Labour Convention, 1930 (No. 29) (and its 2014 Protocol) • Abolition of Forced Labour Convention, 1957 (No. 105) • Equal Remuneration Convention, 1951 (No. 100) • Discrimination (Employment and Occupation) Convention, 1958 (No. 111)".
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
  • Reporting & Implementation
    10/20
    • Policy is reviewed and updated
      0/5
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      5/5
      Monitoring compliance
      Yes - Screening and monitoring process
      5/5
      "All Nordea AM funds are subject to an annual norm-based screening. The screening is used to identify listed companies allegedly involved in breaches of international law, and norms on environmental protection, human rights, labour standards and anti-corruption . If a company is identified in this screening process, we will initiate an internal assessment process of the company and the incident. The normsbased screening also identifies companies that are subject to exclusion based on our exclusion criteria".
    • Reporting on implementation of the policy
      5/5
      Reporting
      Yes - Annually
      5/5
      Nordea publish their exclusion list on their website. The current version was updated in April 2020, and prior to that was updated in June 2019.
  • Commitment strength
    16/42
    Avg. score
  • Social considerations
    4/22
    Avg. score

Profile

Nordea Bank AB are a financial services group with headquarters in Sweden serving private, corporate and institutional clients. Their services include: private banking, investment banking, securities, wealth management, asset management, capital markets, pensions and retail banking services. As of 2017, Nordea Bank AB's total assets amount to more than 600 billion EUR, with approximately 330 billion EUR in loans. Nordea Bank AB are among the top 100 shareholders for Forest 500 companies, with more than 3 billion USD worth of shares.

HQ
HQ 
Finland
Financial institution type
Financial institution type 
Asset management, Bank, Insurance Company

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.