Statement of support
Engagement with the EITI
Nordea is a signatory to the EITI Statement of Support from financial and lending institutions, reflecting its support for good governance and transparency in the extractives sector. Nordea considers that wealth from natural resources can lead to economic growth and social development in a country. However, failing to disclose information about wealth and payments and revenue flows between the corporate sector and governments can increase the risk of distrust, weak governance and conflict.
Nordea recognises that extractive companies are particularly exposed to risks from operating in environments with poor governance standards, transparency and corruption. This is a business risk and a risk for Nordea as investors in these markets and companies. To promote better standards, accountability and disclosure around the extractives industry sector and management of natural resources, Nordea is an active member of the Extractive Industries Transparency Initiative (EITI).