Nordea

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalityResponsible investment policy
All Nordea 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.

Sustainability Policy
Nordea recognizes the importance of participating in and supporting international commitments that enable businesses to operate in a more sustainable way. These include:
• UN Environmental Program Finance Initiative
• UN Global Compact
• UN Universal Declaration of Human Rights
• UN Guiding Principles on Business
and Human Rights
• ILO-conventions
• OECD Guidelines for Multinational Enterprises
• Equator Principles
• Paris Pledge for Action in support of COP 21
• UN Convention against Corruption
• Rio Declaration on Environment
and Development
• UN Principles for Responsible Investments
Nordea actively screens its clients on compliance with international lawspartly
No Corruption and Tax EvasionAML policy
Nordea is committed to complying with all applicable AML/CTF laws and regulations in the jurisdictions in which it operates.

Code of Conduct
3.2 We comply with laws, regulation, industry standards and internal rules (...)
• We are alert to illegal activities by knowing our customers.

Responisble investment policy
Transparency requirements, both voluntary and mandatory, are being developed requiring companies to disclose information on corporate and ownership structures, on their anticorruption programs, and do country-by-country reporting on taxes and government payments.
As investors we demand that business take a proactive approach towards corruption, implement adequate anticorruption measures and improve transparency.
The responsible investment policy requires clients to act against corruption and to be transparent on taxespartly
Ensure ESIA for mills and plantationsSustainability Policy
Nordea recognizes the importance of participating in and supporting international commitments that enable businesses to operate in a more sustainable way. These include:
• Equator Principles
ESIAs are expected to be required when the Eps apply. No requirements for other cases were foundpartly
Social requirements
Ensure FPICSustainability Policy
Nordea recognizes the importance of participating in and supporting international commitments that enable businesses to operate in a more sustainable way. These include: (...) ILO-conventions
Nordea recognizes the importance of the ILO conventions, thus inlcuding the ILO 169 requirements for FPIC, but this only applies to indigenous peoples.partly
Respect Human RightsCode of Conduct:
3.11 We support and respect human rights
• We respect fundamental and internationally recognised human rights in all areas of operation and have a responsibility to ensure our business activities do not negatively impact human rights;

Responsible Investment Policy
We expect companies to obey internationally recognized human rights principles and to prevent and manage its impact on human rights. Human rights related issues includes complicity in human right abuses, modern slavery and child labour, occupational safety and health, the rights of indigenous people and displacement of local communities, freedom of association and collective bargaining and international humanitarian law.

Sustainability Policy: Nordea recognizes the importance of participating in and supporting international commitments that enable businesses to operate in a more sustainable way. These include:
• UN Environmental Program Finance Initiative; • UN Global Compact; • UN Universal Declaration of Human Rights; • UN Guiding Principles on Business and Human Rights; • ILO-conventions; • OECD Guidelines for Multinational Enterprises; • Equator Principles; • Paris Pledge for Action in support of COP 21; • UN Convention against Corruption; • Rio Declaration on Environment and Development; • UN Principles for Responsible Investments
Nordea expects companies to obey internationally recognized human rights principleswell
Respect Indigenous rights and customary land use rightsResponsible Investment Policy
We expect companies to obey internationally recognized human rights principles and to prevent and manage its impact on human rights. Human rights related issues includes complicity in human right abuses, modern slavery and child labour, occupational safety and health, the rights of indigenous people and displacement of local communities, freedom of association and collective bargaining and international humanitarian law.
Nordea recognizes the rights of Indigenous people, but does not mention customary land rights of local communities.partly
No forced resettlementWe expect companies to obey internationally recognized human rights principles and to prevent and manage its impact on human rights. Human rights related issues includes complicity in human right abuses, modern slavery and child labour, occupational safety and health, the rights of indigenous people and displacement of local communities, freedom of association and collective bargaining and international humanitarian law.Nordea does not specify which International human rights principles clients must comply with, but this can be assumed to include IFC criteria, which protect partlypartly
Environmental Requirements
No forest degradation and deforestationNo publicly available policies or documentation were found that cover this criteria.not
Protect endangered speciesNo publicly available policies or documentation were found that cover this criteria.not
No high-risk speciesNo publicly available policies or documentation were found that cover this criteria.not
No fireNo publicly available policies or documentation were found that cover this criteria.not
Protect peatNo publicly available policies or documentation were found that cover this criteria.not
No persistent pollutionNo publicly available policies or documentation were found that cover this criteria.not
Corporate association / scope of the policy
Corporate association / scope of the policyNo publicly available policies or documentation were found that cover this criteria.not