Sustainability Case Study
Nordic Capital-backed Nordnet, an online bank for investments, savings and loans operating in the Nordic countries, has developed a clear sustainability agenda and successfully embedded societal and environmental values into its culture and business activities.
Encouraging sustainable savings
Nordnet has made it as easy as possible for its customers to identify sustainable investments. By developing its digital platform promoting sustainability, customers have been able to increasingly allocate capital to more sustainable savings. By the end of 2019, Nordnet’s customers had allocated SEK 28.9 bn (SEK 15.9bn in 2018) in sustainable savings.
A climate-neutral bank
As a climate-neutral bank Nordnet strives to make minimal negative impact on the environment. To reduce its own direct impact on the environment, Nordnet powers its offices with renewable energy, minimises the use of paper and reduces its carbon footprint. In 2019, Nordnet’s total greenhouse gas emissions amounted to 237 tonnes of CO2e (254 tonnes in 2018), which is a decrease of 7% compared with 2018. To become a climate neutral bank, Nordnet compensates for its greenhouse gas emissions.
Supporting equality and diversity
Nordnet is committed to driving and promoting equality and diversity in the workplace and this is reflected in its wider support of minority groups such as women, who are still underrepresented in finance and technology. With a structured approach and clear targets to increase female representation, Nordnet reported 38% of leadership positions being occupied by females by year-end 2019.
“We believe it is important to make young people aware of the basis for their financial future. We see today’s young adults wanting to take part and be able to influence their future with an increasing demand of sustainable options.”