Nordea Finance: Most Innovative Climate Impact SME Finance Scandinavia 2022

As the largest finance company in the Nordics, Nordea Finance plays an outsized role in leading the region’s green movement. It serves over a million clients across the Nordics and has extended more than €21bn in credit volume for personal and corporate vehicles, business equipment, retail financing and corporate factoring invoices. The Nordic market is a global frontrunner in sustainability, and Nordea Finance is committed to strengthening an already stellar reputation. It sets clear climate targets and pursues them with uncompromising vision and passion. By 2030, Nordea Finance intends to halve its internal emissions and slash emissions across investment and lending portfolios by 40 to 50 percent. It’s fuelling green transport by financing electric and hybrid cars, EV charging stations and e-mobility solutions, like bikes and scooters. It’s helping to move households away from carbon polluting practices by financing renewable energy upgrades, like solar panels and heat pumps. Nordea Finance has identified sustainable megatrends in the household market that will impact future business. Increased regulation will require more comprehensive tracking and reporting of carbon emissions — an area where Nordea is already ahead of the curve. It capitalises on evolving consumer behaviours and big data analytics to drive the change and unlock a business-first approach to sustainability. The CFI.co jury has been inspired by the ambitious ESG commitments set — and superseded — by Nordea Finance, a repeat programme winner of the award for Most Innovative Climate Impact SME Finance (Scandinavia, 2022).