Tag: nordea

New report exposes Nordic banks’ support for dirty fossil fuel companies

While climate experts are issuing more and more dire warnings of what will happen if we fail to transition into a 1.5°C world, the biggest Nordic banks continue to pour billions of Euros in financing and investments into coal, oil, and gas companies planning new fossil fuel projects that will bring this global climate goal out of reach.

Assessing lending and investments combined, DNB and Nordea stand out among Nordic banks as the biggest financial supporters of the worst fossil fuel companies that undermine global climate goals.  Lue lisää “New report exposes Nordic banks’ support for dirty fossil fuel companies” →

NGO-led shareholder resolution demands Nordea to stop financing fossil fuel expansion

Greenpeace Nordic, Swedish Society for Nature Conservation (Naturskyddsföreningen) and Action Aid Denmark (Mellemfolkeligt Samvirke) have filed a shareholder resolution at Nordea’s Annual General Meeting. The resolution is also supported by Fair Finance Guide and Hiilivapaa Suomi. 

Lue lisää “NGO-led shareholder resolution demands Nordea to stop financing fossil fuel expansion” →

Stop funding fossil fuels, Nordea demonstration

29.10.2021 08:30–09:30
Mielenosoittajia Nordean pääkonttorin edessä
Mielenosoittajia Nordean pääkonttorin edessä kansainvälisenä Defund Climate Chaos -toimintapäivänä 29.10.21, Kuva Satu Söderholm

Since the adoption of the Paris climate agreement, Nordea has poured 12.4 billion euros into fossil fuel companies – such as the fossil company Fortum, one of Europe’s biggest emitters.

Nordea has committed to net-zero in 2050. However, distant promises are not enough and we are demanding meaningful action now. Nordea’s new climate policy is not aligned with the Paris Agreement.

We demand that Nordea:

  • Phases out existing financing for coal
  • Ends financing for all projects that expand fossil fuels
  • Commits to drop clients that don’t align with 1.5C

Join Stop funding fossil fuels, Nordea! demonstration at the company’s headquarters (Satamaradankatu 5, 00580 Helsinki) on the 29th October at 8.30-9.30 am. The demonstration is part of the international #DefundClimateChaos action day.
Before the demonstration, there will be an online briefing on Nordea’s role in the climate crisis on 26 October at 5-6 pm. You can participate even if you can’t make it to the demonstration but are interested in learning more.

The conveners of the demonstration are Hiilivapaa Suomi, Fridays For Future Finland, 350 Suomi, Friends of the Earth Finland and XR Finland.