Direct Lobbying Transparency
| Overall Assessment | Comment | Score |
|---|---|---|
| Limited | Nordea Bank Abp provides only limited insight into its climate-policy lobbying. It names one identifiable policy area—the “EU Sustainable Finance Action Plan”/“EU policy on sustainable finance”—but does not cite any additional pieces of legislation or regulations, so its description of the policies it seeks to influence remains narrow. The company is somewhat clearer about how it tries to exert influence: it engages indirectly through its membership of the Norwegian Climate Council, a consultative body that advises the Minister of Climate and Environment, and it also “engages with EU policymakers regarding measures in the EU Sustainable Finance Action Plan.” These two examples reveal both the mechanism (industry body membership and direct engagement) and the relevant targets (the Norwegian Minister of Climate and Environment and EU-level policymakers), yet the disclosures stop short of explaining how those engagements are conducted (e.g., meetings, letters, submissions). On objectives, Nordea states that it seeks “to promote [a] consistent & coherent framework that supports financial sectors’ transition efforts in a predictable way” and that this position is “aligned” with the Paris Agreement, but beyond this single high-level aim it offers no concrete legislative changes or measurable policy outcomes it is pursuing. Taken together, the disclosures show some recognition of the need for transparency but provide only a basic outline of the policies, channels and goals of Nordea’s climate-related lobbying. | 1 |