Nordea Nordic Friends 2023 - English

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The sustainability strategy bears fruit Climate change concerns everyone. Nordea Asset Management (NAM) recognised this early on and planted the seeds for its own climate and environmental strategy back in 2007, which has since grown and is now bearing fruit.

The world is facing a collective challenge in the form of the climate crisis, which is reflected in manifold social and environmental problems. Everyone can, and must, contribute to addressing this crisis through economic, social and institutional change. NAM has embraced its own role as a responsible investor and is committed to doing its part to achieve the grand goal of carbon neutrality. “Our commitment started more than 15 years ago when we signed the United Nations‘ Principles for Responsible Investments (UN PRI),” recalls Christophe Girondel, Global Head of Institutional and Wholesale Distribution. NAM has

since built up extensive sustainability expertise in both the Fundamental Equities Team and the Responsible Investments Team.

NAM is committed to being industry forerunner

Together with other industry repre- sentatives, NAM has developed the Net Zero Investment Framework, a method for asset managers to set cli- mate targets that are compliant with the Paris Agreement. NAM is also a founding member of the Net Zero Asset Managers Initiative. Within this industry cooperative, NAM has de- clared its own target of being climate neutral across all assets under man-

Ripe for the picking: as one of the first in the industry, NAM planted the seed for its sustainability offering 15 years ago. Today, clients can take their pick from a range of sustainable solutions.

agement by 2050 and has defined clear milestones for its path towards this goal. For example, by 2025, NAM plans to phase out investments in coal-burning companies which do not have sufficient plans to phase out coal by 2040 themselves. In 2021, NAM launched the Global Climate and Social Impact Strategy, followed one year later by the Global Climate Engagement Strategy. As an active investor, NAM is seeking to enter a constructive dialogue with the com- panies it invests in, influencing them and offering strategies to drive their decarbonisation. Returns with responsibility “We ensure that the companies we invest in contribute to achieving the

Nordea Asset Management offers investors a broad range of ESG products: ` Nordea 1 – Global Climate and Environment Fund focuses on companies that offer solutions in the areas of resource efficiency, environmental protection and alternative energies ` Nordea 1 – Global Climate and Social Impact Fund invests in companies that provide solutions to pressing environmental and social challenges ` The ESG STARS fund family , which includes both equity and fixed income solutions, offers investors the opportunity to invest in the winners of tomorrow and support the net zero target ` Nordea 1 – Global Climate Engagement Fund comprises attractively valued climate laggards, whose potential can be unlocked through engagement ` Other thematic solutions address the major social and sustainable issues of our time. These include: the Nordea 1 – Global Sustainable Listed Real Assets Fund , the Nordea 1 – Global Social Empowerment Fund and the Nordea 1 – Global Social Solutions Fund

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