RI Annual Report 2023

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Contents RI Annual Report 2023

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ESG highlights

2023 at a glance

ESG highlights of the year

ESG Awards

Active in the global RI Community New investor initiatives 2023

Sustainability at Nordea

11 12 12 14 15 17 20 20 21 22 23 26 28 31 32 33 34

Our Responsible Investment approach

ESG Governance and Teams

Responsible Investment framework

Responsible Investment Strategies at NAM Focus on NAM’s Engagement Strategies

Active Ownership

Active Ownership

Engagement

Active Ownership activities 2023 Thematic engagement focus areas

Engagement campaign: Methane engagement, 2023 update

Engaging on forever chemicals

Voting

Voting statistics Voting activities

Outlook 2024

Nordea Nordea is the largest financial services group in the Nordic region (approx. 10 million personal customers and 600,000 corporate customers1) and one of the biggest banks in Europe. We want to make a real difference – for our customers and for the communities in which we operate – by sharing our extensive expertise based on 200 years in the banking business. About Nordea Asset Management 2 Nordea Asset Management (NAM) is part of the Nordea Group. We are an active asset manager with a global business model, offering services to institutional clients in Europe, the Americas and Asia. We manage investments across the full spectrum of asset classes. Our third-party distribution franchise services a wide range of international fund distributors, including many of the leading global wealth managers. We distribute our products through banks, asset managers, independent financial advisors, insurance companies and family offices. Our client base is equally split between Nordea Group-related and external clients. With EUR 251bn (31 December 2023) in assets under management, we have been experiencing strong growth over the past decade. 1) As at 31.12.2023. 2) Nordea Asset Management it is the functional name of the asset management business conducted by the legal enti- ties Nordea Investment Funds S.A. and Nordea Investment Management AB and their branches and subsidiaries. Nordea Investment Funds S.A. is the management company and Nordea Investment Management AB is the investment manager of all funds belonging to NAM. Reference to companies or other investments mentioned should not be construed as a recommendation to the investor to buy or sell the same but is included for the purpose of illustration.

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