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    Nasdaq European Markets

    Nasdaq Green Designations

    Nasdaq Green Designations support equity issuers on Nasdaq European markets with their green business models and strategies. The aim of the Nasdaq Green Designations is to enable increased visibility and transparency for companies toward investors looking for sustainable investments.

     

     

    Event Replay

    Green Equity Capital Markets Day

    Watch the event replay to learn more about Nasdaq Green Designation and listen to our Green Equity companies to get an insight in their green business models and strategies.

     

    Participating Companies

    Wästbygg Gruppen

    Platzer Fastigheter

    Lamor Corporation Plc

    Annehem Fastigheter

    K2A

    Kempower

    Castellum

    Giab Nordic

    Green Designation

    Encompass two voluntary designations

    The qualitative assessments of the companies applying for the designations are done by a Nasdaq approved reviewer.

    Nordic Markets - Nasdaq Green Equity Designation

    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

    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, and Denmark. 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 are:
    CICERO Shades of Green and Moody's ESG Solutions

     Nasdaq Boardvantage Awards

    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

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    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.

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    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.

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    Visibility

    Nasdaq amplifies the company's Green Designation visibility via Nasdaq’s digital channels.

    Green Designations Success Stories

    Hear From Fellow Issuers

    Rebelle Green Designations Tower Shot

    Rebelle

    Acting on a fast-growing market, driven by a necessary shift in consumer behaviors, Rebelle’s circular business model is a perfect fit to the global megatrend in fashion re-commerce. Moreover, the Green Equity Designation is an important validation of that. We are proud of what we have achieved so far, and of the great interest from both institutional and retail investors, to become part of our future green growth journey as shareholders, said Cécile Wickmann, CCO and Founder of Rebelle.

    Lamor Corporation Green Designation Tower Shot

    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.

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    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.

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    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

    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 with the ambition to transition to become green and have a significant share of their investments allocated to green activities

    Attainable for companies with the ambition to transition to become green and have a significant share of their investments allocated to green activities

    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, and Denmark. 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 firm is CICERO Shades of Green 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.

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