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Nordea tightens demands on fossil energy investments

The Nordic financial group is tightening demands on fossil energy investments for 140 affiliated funds in connection with the EU's financial disclosure regulations on sustainability entering force.

Photo: Finn Frandsen
BY SIMON LUND CHRISTIANSEN, FINANSWATCH

The first round of direct consequences affected by the EU's financial disclosure regulations on sustainable investments is beginning to manifest.

Nordea is now placing stricter requirements on 140 funds, which will henceforth only be permitted to invest in fossil fuels and energy companies insofar as it's clear these are in the process of transitioning their businesses into a greener direction, Nordea writes in a press statement.

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