Nordea Elected to Executive Committee for Green and Social Bond Principles
Nordea Bank Abp has been elected to the Executive Committee of the Green Bond Principles (GBP) and Social Bond Principles (SBP). The announcement was made on June 10, 2021.
Nordea Bank Abp has been elected as a member of the Executive Committee for the Green Bond Principles (GBP) and Social Bond Principles (SBP). The bank joins a select group of 24 underwriters, issuers, and investors that govern the principles.
The Executive Committee is responsible for deciding on any changes to the GBP and SBP, which serve as the leading global framework for issuing green, social, and sustainability bonds. These principles provide guidance to issuers on reporting, disclosure, and transparency, aiding investors in assessing the environmental and social impact of their investments.
The International Capital Market Association (ICMA) acts as the secretariat for these principles. Nordea has been active in the green bond market since 2014, assisting in the issuance of over 280 sustainable bonds with a total value exceeding USD 17 billion.
The bank has also been involved in the social and sustainability bond markets as both a bookrunner and a framework structurer. Nordea's Sustainable Finance Advisory team drives the bank's efforts in sustainable bonds and broader sustainable finance.