Currently, there is no specific legislation regulating green savings accounts in Sweden. However, Nordiska has an integrated sustainability approach, where ESG criteria (environmental, social responsibility, and corporate governance) form the foundation. As part of this, Nordiska actively works with the UN's 17 Sustainable Development Goals and the UN Global Compact's 10 principles.
The funds in Flex Green are earmarked for lending that supports the UN's 17 Sustainable Development Goals, with a particular focus on Goal 7: Affordable and Clean Energy. Our ambition is that at least 70% of the lending goes to sustainable projects. Some examples of green initiatives that Flex Green contributes to include:
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Financing of solar panel installations
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Optimization of sustainable energy storage through financing of battery technology
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Financing of newly built properties with energy classifications A, B, or C
You can read more about the global goals we work towards with Nordiska Flex Green here: globalamalen.se