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Green Business Loans

Finance your environmentally friendly investments with our Green Business Loan.

About Green Business Loans

Green Business Loans are part of Nordea’s contribution to a sustainable society. Our Green Business Loan is the right choice for you if you are planning to make or have made investments that contribute to climate-resilient growth through carbon reduction or the use of renewable energy sources.

How does a Green Business Loan work?

  • The entire value chain operates sustainably. The product is based on green funding available on the market, which is earmarked for environmentally friendly projects. 
  • Your company is committed to using the loan for a sustainable project. You must be able to demonstrate the positive impact of the investment on your company’s electricity or water consumption, for example.
  • Green Business Loans can be used to finance investment projects that fall into the categories listed below. Read more under “Project categories”. 

Read more about Nordea’s sustainability work on the Sustainable Finance pages.Opens new window

Your benefits:

  • Your company’s sustainability efforts will be awarded a green quality stamp.
  • Your company will contribute to a sustainable future.

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Watch the video

In the video a company called K2A tells you what a green business loan and thereby a green product all the way to the end-customers has meant for them as a company.

How Green Business Loans work

How Green Business Loans work

  1. Define a green project
    The project for which green financing is applied for is defined and verified according to Nordea’s normal credit process. The green project and the funds allocated to it must contribute to the transition to low-carbon and climate-friendly growth.
  2. Internal evaluation
    In order to be classified as green, an investment must meet certain requirements of Nordea green funding framework. This framework is based on ICMA’s (International Capital Market Association) Green Bond Principles.
  3. External evaluation
    An independent third party will ensure that the green projects and the funds allocated to them meet the requirements. For this, we collaborate with ISS ESG.
  4. Reporting
    We request from you a compliance certificate on the costs related to your green project and certification (proof of certification) annually, for example.
Project categories
Interest

How Green Business Loans work

  1. Define a green project
    The project for which green financing is applied for is defined and verified according to Nordea’s normal credit process. The green project and the funds allocated to it must contribute to the transition to low-carbon and climate-friendly growth.
  2. Internal evaluation
    In order to be classified as green, an investment must meet certain requirements of Nordea green funding framework. This framework is based on ICMA’s (International Capital Market Association) Green Bond Principles.
  3. External evaluation
    An independent third party will ensure that the green projects and the funds allocated to them meet the requirements. For this, we collaborate with ISS ESG.
  4. Reporting
    We request from you a compliance certificate on the costs related to your green project and certification (proof of certification) annually, for example.

Categories of eligible green projects

Categories of eligible green projects
Category
Definition
Metric for reporting
Renewable energy

Wind, water and solar power.

Production of hydrogen.

Production capacity of renewable energy (MWh)

Reduction of carbon dioxide emissions

Energy efficiency improvementSmart grids and energy storage.

Amount of energy saved (MWh)

Reduction of carbon dioxide emissions

Green buildings

Certified buildings, business premises and flats. 

LEED: Gold level at a minimum

BREEAM: “Very good” at a minimum

Nordic Swan Ecolabel 

RTS environmental classification: minimum two stars

Energy efficiency class: A

Amount of energy saved (MWh)

Reduction of carbon dioxide emissions

Pollution prevention

Water purification/wastewater treatment

Waste management

Conversion of waste to energy

Production capacity (m3 per day)

Production capacity (MW)

Environmentally friendly transportation

Public transport/goods transport

Electric or hydrogen fuel cell vehicles

Reduction of carbon dioxide emissions
Sustainable use of natural resourcesSustainable forestry, agriculture and aquacultureCertified area/CO2e emissions per kilo produced

Interest

Interest rate is based on the offer

Let’s help the environment together – contact us!

Leave us a request to contact you about Green Business Loans.

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