Nasdaq Green Designations
Enhancing visibility and transparency for companies seeking sustainable investments
Nasdaq Green Designations support equity issuers on Nasdaq European markets with their green business models and strategies.
Attract sustainable investments with the Nasdaq Green Designations
Supporting equity issuers with their green business models and strategies, Nasdaq Green Designations help companies attract sustainable investment with transparency and visibility. Nasdaq Green Equity Designation is a voluntary designation for private companies and companies listed on our Nordic markets that want to increase visibility around their green business models and strategies. Download the Nasdaq Green Designations factsheet to learn more about the benefits and the application process.
Green Designation
Encompass two voluntary designations
The qualitative assessments of the companies applying for the designations are done by a Nasdaq approved reviewer.
Nasdaq Green Equity Designation
The Green Equity Designation is a designation for equity issuers listed on our Nordic markets that have more than 50 percent of their revenue deriving from business activities considered green. Furthermore, more than 50 percent of the company’s investments must be allocated to activities considered green and revenue derived from fossil fuel activities must be less than 5 percent.
For companies in pre-revenue phase the 50 percent threshold requirement for revenue considered green does not apply. As soon as a pre-revenue company starts generating any revenue, it must comply with the minimum requirement.
Nasdaq Green Equity Transition Designation
The Green Equity Transition Designation is a designation for equity issuers listed on our Nordic markets that have more than 50 percent of their investments allocated to green business operations.
For Nasdaq Green Equity Transition Designation there is no minimum threshold for revenue from activities considered green. The company must have less than 50 percent revenue deriving from fossil fuels.
Are Nasdaq's Green Designations Right For Your Organization?
Getting Started
-
The Nasdaq Green Designations are offered to new and existing issuers on Nasdaq's European Main Markets and First North Growth Market, including First North Premier Growth Market in Sweden, Finland, Denmark, and Iceland. Companies in listing process for a Nasdaq Nordic listing may also apply and are eligible from their first day of trading. Approved issuers will be indicated with a symbol in the Shares list and the reviewer’s assessment report and additional relevant information will be available on the company information page on the Nasdaq Nordic website.
-
The company must submit an application in the Listing Center which can be accessed here.
The requirements are outlined in the Nasdaq Green Equity Principles. The reviewer will use its own proprietary methodology for their assessment of a company's alignment with the Nasdaq Green Equity Principles. Nasdaq will not make a qualitative environmental assessment.
-
The Nasdaq Green Equity Principles are requirements to be fulfilled by a company to be approved for the Nasdaq Green Designations. A company's alignment with these Principles must be assessed by a Nasdaq approved reviewer firm, that shall apply its own public proprietary methodology for the assessment.
The proprietary methodology used by each reviewer is available in the reviewer information section.
Our current approved reviewers:
-
For more information, see our Resource Center.
Get Started With Nasdaq's Green Designations
Step by Step Application Process
Approved Reviewers
Supporting Green Business Models
Key Benefits of Nasdaq's Green Designations
Credibility
Nasdaq Green Equity Principles are based on the latest developments within sustainable finance, and the approved reviewer assessment provides credibility to the company’s green status.
Transparency
Via Nasdaq websites and market data dissemination channels, the Green Designation enables companies to showcase their green business model, strategies and KPIs towards investors. The methodology used by the Nasdaq approved reviewer is made public and is included in the reviewer’s assessment report.
Visibility
Nasdaq amplifies the company's Green Designation visibility via Nasdaq’s digital channels.
Green Designations Success Stories
Hear From Fellow Issuers
Castellum Nasdaq Green Equity Designation
It is extremely gratifying that Castellum has received this designation in light of how long and how earnestly the company has worked with all kinds of sustainability issues. The company is thoroughly committed, and its goals are set high. By designating Castellum’s equity as green, we clearly show the investor market that Castellum’s operations are leading the way and making a difference in the greatest challenge of our time, and help investors to make sensible, sustainable decisions, says Rutger Arnhult, Chief Executive Officer of Castellum AB.
Lamor Corporation
Lamor has been a front-runner in many ways and receiving the Nasdaq Green Equity Designation as the first company in Finland is one example of our commitment to support transformation towards a zero-carbon society. We also expect the Nasdaq Green Equity Designation to increase our visibility among international impact investors, says Mika Pirneskoski, CEO of Lamor.
GIAB Nordic AB
Nasdaq Green Equity Designation creates transparency for our investors and other stakeholders. We are part of the solution to the climate crisis and through large-scale re-use we contribute to lowering the demand for virgin resources and a reduction in our customers' climate emissions. The certification and assessment from the approved reviewer Cicero gives strong credibility to the sustainability value that we with our business are creating, says Christian Jansson, CEO of GIAB Nordic AB.
As part of Nasdaq’s commitment to ESG, and based on the increased demand for sustainable investments, we have launched Nasdaq Green Designations to support equity issuers with their green business models and strategies.
Contact Us To Learn More
Contact Us to Learn More about The Nasdaq Green Designations
We have received your request and will soon be in touch to schedule your time with an advisor. Nasdaq looks forward to helping you advance your listings efforts.
Nasdaq Green Equity Designation
Targets companies that have over 50 percent of their turnover deriving from activities considered green and are continuing to invest a significant share in green activities
-
Targets companies that have over 50 percent of their turnover deriving from activities considered green and are continuing to invest a significant share in green activities
Nasdaq Green Equity Transition Designation
Attainable for companies that have the ambition to transition to become green and have a significant share of their investments allocated to green activities
-
Attainable for companies that have the ambition to transition to become green and have a significant share of their investments allocated to green activities
NASDAQ GREEN DESIGNATIONS RESOURCE CENTER
More Information
Frequently Asked Questions
-
Nasdaq Green Designations are available to issuers listed on Nasdaq Main Markets and First North Growth Markets including Premier segments in Sweden, Finland, Denmark, and Iceland. Additionally, companies in listing process can apply, and once approved will be eligible for the Nasdaq Green Equity Designation from their first day of trading. Companies not listed on Nasdaq markets are not eligible for Nasdaq Green Designations.
-
A Nasdaq-approved reviewer will make a qualitative assessment regarding a company's alignment with the qualification criteria in the Nasdaq Green Equity Principles. Currently, the approved firms are Shades of Green, formerly part of CICERO, now a part of S&P Global, and V.E, a part of Moody's ESG Solutions.
-
A Nasdaq approved reviewer will assess the company's alignment with the requirements in the Nasdaq Green Equity Principles. The approved reviewer will use its own methodology for the assessment. Nasdaq does not make any qualitative assessment and relies on the approved reviewer's assessment of issuers' alignment with the Nasdaq Green Equity Principles.
-
The company must commit to an annual limited assessment of its alignment with the Nasdaq Green Equity Principles by a Nasdaq approved reviewer and submit a renewal application to Nasdaq via the Listing Center application. The company must commit to share relevant information including environmental information in Nasdaq’s ESG Data Portal and update it on an annual basis in connection with the renewal application of the designation. A full assessment is required every third year. However, if there have been structural or other material changes in the company a full assessment is required.
-
While the timeline for an assessment and approval process may vary, it generally takes from one to two months.
-
The designation is valid 12 months. To uphold the designation, an approved reviewer must conduct a timely annual limited assessment to validate that the company still meets the requirements, and the renewal application must be submitted to Nasdaq no later than 10 business days ahead of expiration of the designation. See the product sheet for more information.
Nasdaq TradeTalks
Where the voices of the market meet
From market trends and trades, to crypto and emerging tech, TradeTalks explores the ins-and-outs of the global markets. Featuring one-on-one conversations with industry leaders.
Mar 06, 2023
Lamor Chief Development Officer Johanna Grönroos joins Jill Malandrino on Nasdaq TradeTalks to discuss why it is important for companies to highlight their green business strategy to different stakeholders.
Nov 07, 2022
Kempower CEO Tomi Ristimäki, CEO, Kempower joins Jill Malandrino on Nasdaq TradeTalks to discuss envisioning a society powered by fully electric transportation, making the world cleaner and more sustainable.
Sep 26, 2022
Nexam Chemical Group Regulatory & EHSQ Manager Adrian Pepper joins Jill Malandrino on Nasdaq TradeTalks to discuss why it is important for companies to highlight their green business strategies towards investors.
Apr 25, 2022
Platzer Fastigheter CEO PG Persson joins Jill Malandrino on Nasdaq TradeTalks to discuss receiving the Nasdaq Green Equity Designation and why it's important for companies to signal their green business strategies towards the investment community.
Mar 31, 2022
K2A CEO Johan Knaust joins Jill Malandrino on Nasdaq TradeTalks to discuss the Nasdaq Green Equity Designation and sustainability targets.
Feb 28, 2022
GIAB Nordic AB Sustainability Manager Andreas Anderholm Pedersen joins Jill Malandrino on Nasdaq #TradeTalks to discuss GIAB's Nasdaq Green Equity Designation and striving further with green business strategies.
Feb 07, 2022
Lamor Corp CEO Mika Pirneskoski joins Jill Malandrino on Nasdaq TradeTalks to discuss Nasdaq Green Equity Designation and green business strategies.
Nov 29, 2021
Ohman Fonder Head of Responsible Investments Fredric Nystrom joins Jill Malandrino on Nasdaq TradeTalks to discuss Nasdaq Green Designations and how companies should consider promoting their green profile.
Jun 09, 2021
Nasdaq launches the Nasdaq Green Designations in which external reviewers will assess companies’ green business operations, Adam Kostyál, Head of European Listings.
OUR MARKETS
Related Information
Nordic Main Market
Our regulated market suited to companies that can adhere to the highest standards.
Key Features:
- Quality Stamp
- Visibility
- Broader and International Investor Base
-
Our regulated market suited to companies that can adhere to the highest standards.
Key Features:
- Quality Stamp
- Visibility
- Broader and International Investor Base
Nasdaq First North Premier Growth Market
Our senior growth market segment with stricter listing requirements, preparing companies for a Main Market listing.
Key Features:
- Visibility Platform
- Enhanced Quality Stamp
- Institutional Investor Interest
-
Our senior growth market segment with stricter listing requirements, preparing companies for a Main Market listing.
Key Features:
- Visibility Platform
- Enhanced Quality Stamp
- Institutional Investor Interest
Nasdaq First North Growth Market
Our growth market for aspiring companies to gain access to the public market.
Key Features:
- Proven Growth Platform
- Active Market
- Global Brand
-
Our growth market for aspiring companies to gain access to the public market.
Key Features:
- Proven Growth Platform
- Active Market
- Global Brand
More From Nasdaq
Our Solutions
ESG Solutions
A new corporate responsibility and environmental, social, and governance (ESG) workflow and data reporting service.
-
A new corporate responsibility and environmental, social, and governance (ESG) workflow and data reporting service.
Listing of Sustainable Bonds
Raise debt capital for investment with clear benefits to the environment or social sustainability.
Key Features:
- Stand Out to Investors Looking for Sustainable Investments
- Credibility as a Sustainable Brand
- Stamp of Quality
-
Raise debt capital for investment with clear benefits to the environment or social sustainability.
Key Features:
- Stand Out to Investors Looking for Sustainable Investments
- Credibility as a Sustainable Brand
- Stamp of Quality
Green Equity Indexes
Complete family of environmental indexes.
Key Features:
- Sustainability
- Global Presence
- Industry Diversification
-
Complete family of environmental indexes.
Key Features:
- Sustainability
- Global Presence
- Industry Diversification