2021-08-19 09:26Press release

Mundus International launches Nordic Green Indices

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Mundus International (Mundus), a provider of news and analysis in Nordic markets, has announced the launch of our range of Nordic Green Indices. The indices summarise meta-data derived from our detailed monitoring provided in Mundus Nordic Green News. With climate change becoming the predominant issue driving corporate activity the range of indices is designed to enable corporates, financiers, NGOs and government to track activities directed towards the economic transition of climate action and climate opportunity.    

In launching the indices, Mundus has analysed over 600 data points for the period September, 2020 to June 2021. Each data point represents news addressing climate action and climate opportunity. Typical sources include corporate and government press releases, financial market notifications as well as routine press coverage. Mundus has classified individual data points by category and by country. The results highlight distinctive patterns of activity in each country. Sweden and Norway are over-represented in terms of climate action relative to their share of Nordic population and GDP. Denmark, and particularly Finland are under-represented. Mundus also identified projects that had a cross-Nordic focus, involving two or more of the countries. This represents around 6% of projects.

In our initial data set, slightly over a quarter (161) of actions related to policies. Around one sixth (109) related to financial activities, whereas almost half (294) were corporate announcements. Please see the attached PDF file for full details and trends.

Major Projects

We also analysed the 65 (10%) of Major Corporate announcements. Of these;

  • 16 related to large scale investments in either wind or solar energy or renewable energy as a category. Examples of this included Equinor’s wind investments in the UK and USA, Ørsted’s investments in renewables, and Scatec Solar’s expansion plans
  • 10 involved oil companies, biofuels and future transport solutions. Producers Equinor and Lundin Energy are attempting to manage their brand and a green transition, whereas Finland’s Neste and Sweden’s Preem are undertaking major biofuels projects. Meanwhile vehicle manufacturers are rushing to greenify their drive chains
  • 9 related to investment plans for hydrogen projects
  • 7 related to investment plans for batteries
  • 4 related to announcements of Synthetic Fuels, eg ammonia, methanol and PtX

There were 4 announcements of restructuring by large corporates to position their business for climate opportunity;

  • Volvo Group’s announcement of a business area to focus on accelerating electrification
  • Hexagon’s launch of a new business unit - R-evolution
  • Södra's new Innovation business area
  • Ørsted's announcement that it will demand a net-positive biodiversity impact from new development projects

Mundus was able to observe a distinct change of pace in the scale of the decisions taken. During the Fall of 2020 there were an average of around 3 such major announcements each month, which jumped to 9 per month during 2021.

Monthly data publication

Following the launch of Mundus Nordic Green Indices we will be updating the data set each month and provide a commentary of the main messages and conclusions. In addition, we will be releasing further sub-indices to track the details of where investments are being made. Register via the pop-up on this page to receive the monthly reports.

About Nordic Green News

The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we clip the stories of most relevance to international businesspeople and policy experts from the flow of news. The Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary, in English.


Sean Williams
Commercial Director, Mundus International
Sean Williams

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