Nordea Bank AB | Shareholder proposal for amendment of the Company’s Articles of Association at Nordea Bank AB

Status
Filed
AGM date
Previous AGM date
Proposal number
24
Resolution details
Company ticker
NDA SEK
Lead filer
Individual
Resolution ask
Other ask
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Sweden
Resolved clause
Shareholders Swedish Society for Nature Conservation (Naturskyddsföreningen) and Action Aid Denmark (Mellemfolkeligt Samvirke) propose that the Articles of Association are amended by adding two new articles 4 and 5, worded as follows: “4. Business activities aligned with the Paris Agreement. The company will not provide lending, capital markets underwriting and facilitation to upstream fossil fuel companies that lack a credible transition plan in line with the Paris Agreement, including a commitment to not expand supply with new long lead time upstream oil and gas projects.” Investment activities aligned with the Paris Agreement. The company will not invest in fossil fuel companies through own-managed investment products and ownaccount investments, if the fossil fuel companies lack a transition plan in line with the Paris Agreement, including a commitment to not expand supply with new long lead time upstream oil and gas projects, new coal mines, mine extensions and new unabated coal plants.

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