Why is sustainability important to your business?

Common sustainability goals:

The UN Sustainable Development Goals (2030 Agenda)* – a common agenda to end poverty, fight inequality and stop climate change by 2030. Read more about the UN Sustainable Development GoalsOpens new window.

The Paris Agreement* – an international agreement meant to ensure that the countries of the world are able to limit climate change. The goal is to limit global warming to no more than 2 degrees (preferably not more than 1.5 degrees) before the end of the century. Read more about the Paris Agreement.Opens new window

Finland is one of the frontrunners in the implementation of the 2030 Agenda

Finland has been one of the frontrunners in the implementation of the 2030 Agenda. One of the practical tools is Society’s Commitment to Sustainability, through which Finland has gathered stakeholders from different fields to promote common goals. Read more about the implementation of Finland’s sustainable development plan.Opens new window

Nordea’s sustainability targets:

• We will reduce greenhouse gas emissions associated with our investment and lending portfolios by 40–50% by 2030.
• We commit to reaching net-zero emissions from our internal operations by 2050

Learn more about social impact investing.Opens new window

Sustainability risks affect your company

Sustainability risks include physical, social as well as governance risk aspects. Physical risks include climate risks, an area where both the transition and developments have accelerated. Today CO2 fees, new technology and new business models are used to regulate companies.

In the past, social and governance risks were considered relevant in terms of a company’s brand and reputation. But now such risks are considered to be essential risks that might affect the company’s ability to survive. It’s important to have a comprehensive overview of the full value and supply chain, especially when it comes to child labour, labour rights, health and safety and the environment. A company must also comply with laws and guidelines without being involved in corruption, bribery, tax planning and other unethical behaviour.