The bold commitment to transition our investment portfolios to net-zero GHG emissions by 2050, stated by the members of the Net-Zero Alliance, means developing models and frameworks to use as industry standards. Keeping global warming below a 1.5°C increase is the preferred target of the Paris Agreement*. But to correctly measure alignment and progress - standards are needed.
Environmental risks are becoming more and more tangible. In the aftermath of the historic drought that unfolded 2018 in South Africa, Sasja Beslik, Head of Sustainable Finance at Nordea, decided to take a closer look at the causes and consequences of the water crisis an see for himself how the companies that Nordea invest in are tackling the water issues they are facing. As investors, our intention is to influence investors as well as banking communities to demonstrate better visibility of their water-related risks in order to protect our customers’ long-term assets.