Northern Europe-based financial services company Nordea announced that it has met or exceeded its key 2025 climate-focused finance and investment targets, and also facilitated €235 billion in sustainable financing between 2022 and 2025, significantly beating its €200 billion goal.

Nordea also revealed significant progress towards its financed emissions goals, announcing that it reduced financed emissions by the end of 2025 in its lending portfolio by 44% compared to 2019 levels, putting the bank well ahead of its 2030 reduction target of 40-50%.

The bank cited higher uptake of its sustainability offering as a key part of its progress, across its lending products, including green loans and sustainability-linked loans, and capital market financing offerings including green, social, sustainable and sustainability-linked bonds. According to Nordea, green and sustainability-linked assets now account for 15% of total assets, nearly double the level in 2022.

Other sustainable finance and investment achievements reported by Nordea include reaching 91% of corporate customers in climate-vulnerable sectors covered by transition plans, compared to target of 90% by the end of 2025, and reaching 93% of the top 200 emissions contributors in Nordea Asset Management’s portfolios either aligned with the Paris Agreement or subject to active engagement to become aligned, ahead of its target of 80%.

The company also reported that it has reduced carbon emissions from its own operations by 52% since 2019, ahead of its 50% by 2030 target, and that suppliers covering 81% of its spending are either aligned with the Paris Agreement or are subject to active engagement to become aligned, ahead of its 80% by 2025 goal.

Anja Hannerz, Head of Group Sustainability at Nordea, said:

“Our strategic direction is clear. We stand by our long-term objective to achieve net-zero emissions by 2050 at the latest and are decarbonising our portfolios and reducing our exposure to fossil fuels faster than the pace prescribed by scientific scenarios limiting global warming to 1.5°C.”