Sustainability Environmental Climate and Environmental Topics at NORD/LB Climate and environmental topics form part of our ESG Strategy and ESG risk management. In our business activities, we take into account regulatory requirements, sector-specific developments and defined ESG criteria. For selected emissions-intensive sectors, we have developed Transformation Guidelines and corresponding targets. We also support customers with selected transformation projects and financing with sustainability-related features. The applicable NORD/LB criteria and frameworks are decisive in this context. ESG Strategy Read more Transformation Guidelines Read more Green Funding Framework Read more Sustainability Reporting (CSRD) Read more Financing with Sustainability-Related Features & Relevant Future-Oriented Sectors Our activities with sustainability-related features are guided by NORD/LB's strategic direction, the applicable internal criteria and regulatory requirements. At the same time, we monitor technological, market and regulatory developments and assess which changes may be relevant to our business areas and customers. The resulting insights feed into our analyses, internal management and the further development of our activities. Financing with Sustainability-Related Features We finance projects in areas including renewable energy, real estate and infrastructure. Whether, and to what extent, a financing has sustainability-related features is assessed against the applicable criteria and frameworks. These are reviewed regularly and adjusted where necessary to reflect regulatory, market and strategic developments. Technologies & Areas of Development We monitor technological and market developments that may be relevant to the transformation of individual sectors and business models. We consider potential opportunities, risks and areas of application from a financing perspective. The insights gained support our internal analyses and our assessment of relevant areas of development. Sector-Specific Analyses For selected sectors, we analyse relevant market, technology, climate and regulatory developments. The results help us assess changes and potential impacts on existing and future financing activities at an early stage and incorporate them into our internal management processes. Dialogue & Further Development We engage with customers, industry associations and other relevant stakeholders on market, technological and regulatory developments. Where relevant, insights from this dialogue feed into our analyses and the further development of our internal processes, criteria and activities. Biodiversity Biodiversity aspects are considered in the ESG Strategy, risk management, sustainability reporting and the Transformation Guidelines. For selected new business activities, the Transformation Guidelines include minimum standards, exclusion criteria and sector-specific requirements, including requirements relating to protected areas and sectors relevant to biodiversity. We are also working to gradually incorporate biodiversity aspects into relevant analyses and selected financing assessments. Measuring and Assessing Greenhouse Gas Emissions We measure greenhouse gas emissions from our own operations as well as financed emissions from our lending and financing business. Financed emissions account for the majority of the emissions measured. For their quantification, we use the PCAF methodology, among other approaches. The results feed into our analysis of climate-related risks and the further development of our management approaches. As part of our sustainability reporting, we report relevant greenhouse gas emissions in accordance with the applicable regulatory requirements and reporting standards. Source: CSRD Report While emissions from our own operations arise primarily from energy consumption, mobility and building operations, financed emissions account for the majority of our climate-related impacts. Measuring and assessing them therefore provides an important basis for evaluating climate-related risks and developing appropriate management approaches. As part of our sustainability reporting, relevant greenhouse gas emissions, stated in CO₂ equivalents, are measured, analysed and disclosed in accordance with the Corporate Sustainability Reporting Directive (CSRD) and the applicable European Sustainability Reporting Standards (ESRS). CSRD-compliant reporting provides a consistent and traceable data basis for transparently presenting climate-related impacts, risks and management approaches. Our own emissions On this basis, we derive measures to reduce operational emissions, for example by purchasing electricity from renewable energy sources, implementing measures to improve energy efficiency in buildings, optimising space utilisation and adapting mobility concepts. ISO 50001 certification also supports our energy management system in making energy consumption transparent and systematically further developing energy efficiency measures. Emissions are accounted for across the three emissions scopes: Scope 1: Direct CO₂ emissions from NORD/LB's own emission sources at its locations, for example from the combustion of fossil fuels (natural gas) and operation of the vehicle fleet. Scope 2: Indirect CO₂ emissions from the generation of purchased energy such as electricity or district heating. Scope 3: Other indirect CO₂ emissions along the value chain, for example from business travel, paper and water consumption, and waste. Systematic data collection provides the basis for transparent analysis and the further development of management approaches to reduce emissions from NORD/LB's own operations. 10.805 tCO₂e Scope-1 & Scope-2 emissions 2025 88,5 % of the company car fleet will be fully electrified in 2025 ESG Risk Management We assess climate- and nature-related risks that may be relevant to our customers, portfolios, and business environment. The findings are considered in selected risk management and portfolio management processes, including risk identification, credit assessment, risk strategy, and monitoring activities. Areas of focus include transition and physical climate risks as well as biodiversity-related risks. ESG-related risk factors are assessed through an internal ESG scoring approach and complementary analyses, including sector and scenario analyses. The resulting information supports risk management, credit assessment, and strategic planning processes and is regularly reviewed through internal reporting. Read more Contact Tobias Zehnter Chief Sustainability Officer Hannover send an e-mail Team...
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