13-03-2025
Nordea Bank Buys Carbon Removal Credits in Bid to Scale Market
Nordea Bank Abp has agreed to buy at least 68,000 credits from a project that will capture carbon dioxide and bury it under the North Sea.
The purchase of the so-called carbon removal credits represents the first step in a strategy to help support technologies that take CO2 out of the atmosphere, said Peter Sandahl, the bank's head of climate and environment. The pan-Nordic bank aims to build up a large enough portfolio of removal credits to deliver 'a positive carbon contribution' in its own operations by the end of 2030.
