NN pioneers with green covered and mortgage start-up

Nationale-Nederlanden Bank (NN Bank) on 10 May issued the first Dutch green covered bond, reinforcing the group’s ESG drive, including the establishment in 2020 of Woonnu, a mortgage provider aimed at incentivising sustainable living. Sustainabonds’ Neil Day discussed the varied dimensions of the bank’s sustainability strategy with NN Bank’s Niek Allon, head of treasury, Sander Roling, funding manager, and Patricia Plass, head of ESG office and CEO of Woonnu.