Swedbank, Nordea work to judge impact of green bonds

To what extent can a green bond programme help mitigate climate change risk? In newly-published reports, both Swedbank and Nordea have been measuring the impact of their green assets.

30 percent of Swedbank's green bond investments have been used to finance wind power plants. | Photo: /ritzaufoto/AP/Charlie Riedel

It's been a warm summer in the Nordics, to put it mildly. And as the climate changes, heatwaves such as the one that hit Europe in July are likely to become more common -- and even more extreme.

To mitigate the risks of climate change, Nordea, SEB, Swedbank, DNB, Handelsbanken and others Nordic banks have increased their investments in -- and issuance of -- green bonds, which aim to finance or re-finance projects that reduce carbon dioxide emissions.

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