Responsible Investments Report 2025

Responsible Investment approach

13

Responsible Investment approach ESG Governance and Teams

Responsible Investments (RI) Team

Formed in 2009, Nordea Asset Management's (NAM) RI team is one of the most highly-regarded in Europe in terms of ESG ana- lysts. It is composed of 25 analysts, who work closely with their respective portfolio management teams in Copenhagen, Stock- holm, Oslo, Helsinki and Singapore. Besides working closely with the investment boutiques managing ESG products and setting the framework for the development of new quantitative tools and data sources. The team carries out ESG research, active ownership activities, and represents NAM in international RI initiatives. We are con- tinuously developing our RI approach in line with the increasing complexity, depth and scope of application of ESG methods, in order to maintain NAM’s leadership in the area. The team provides a broad RI coverage with a particular focus on our ESG Flagship Strategies, working closely with their respective portfolio management teams. The RI team often participates in client meetings and ESG conferences to share its latest insights and findings. It also leads ESG training (e.g. climate workshops) both internally and for clients.

The RI team’s various functions and main responsibilities can be divided into four clusters:

The Investment Stewardship cluster is responsible for NAM’s engagement framework, including escalation pro- cedures, proxy voting, firm-level PAI process as well as for driving the Responsible Investment Committee agenda The Climate & Nature cluster maintains focused exper- tise and analysis of climate change and biodiversity fac- tors and policies, implementation, engagement campaigns and reporting (e.g. Task Force on Climate related Financial Disclosures (TCFD) recommendations). Additionally, the team supports on developing tools and solutions for clients and PMs The Sustainability Research cluster carries out company and sector specific ESG research and engagement for NAM’s ESG funds, as well as ESG product development. This includes our proprietary ESG scoring, which is an integral part of our ESG-enhanced strategies such as the Sustainable STARS funds The ESG Quant cluster develops and maintains NAM’s proprietary ESG scoring tool and platform, as well as other advanced applications of ESG data

Responsible Investments Team

Eric Pedersen Head of Responsible Investments

Morten Bo ESG Quant

Katarina Hammar Investment Stewardship

Cecilia Fryklöf Climate and Nature

Kenn Urhøj Sustainability Research

+4 Analysts

+8 Analysts

+5 Analysts

+3 Analysts

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