Responsible Investment approach
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Our Responsible Investment framework
At NAM, we believe it is our fiduciary duty to deliver returns with responsibility 17 . Our commitment to be a responsible asset manager is not new. We launched our first sector-screened fund in 1988 and we were an early adopter of Responsible Investment (RI), signing the UN Principles for Responsible Investment (PRI) back in 2007. By the end of 2025, Responsible Investment Solutions comprise over 74% of NAM’s AUM.
NAM has developed policies and procedures to ensure that the companies we invest in meet our expectations related to ESG performance, and that ESG and sustainability risks are managed in all our investment processes. These include both corporate-level RI approaches ("overlays") and product-specific approaches. NAM’s RI Policy defines our position on sectors that are linked to material ESG issues, going beyond the international norms and conventions. This helps to ensure that the companies we are invested in meet our expectations of sound ESG perfor-
mance. The policy describes the stance we take on a number of areas within human rights, climate change, biodiversity and good governance. Depending on the nature and gravity of in- dividual cases, breaches can trigger engagement or exclusion. The RI Policy is publicly available on our website. Our corporate-level RI overlays include norms-based screening, active ownership activities and NAM-wide exclusions, as well as Sustainability Risk Integration. We also have product specific RI approaches that take a step further into enhancing ESG integration.
A comprehensive RI Framework including various forms of RI
NAM total AUM € 325 bn
Nordea Asset Management corporate level RI “overlays” applicable to all funds
All actively managed funds € 260 bn
Sustainability Risk Integration 19
Norms-based screening
Active Ownership
Corporate-level Exclusion List 18
ESG products Article 8 and 9 funds – according to SFDR classification
~ 74% of total AUM € 203 bn
Responsible Focus € 81 bn Sustainable Thematic € 9 bn
Our Flagship ESG strategies 20
21 Responsible Focus
8 Sustainable Thematic Focus
1 Transition Focus
Transition Focus € 0.9 bn
17) There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. The value of your investment can go up and down, and you could lose some or all of your invested money. 18) Over 260 compa- nies. NAM’s Exclusion List available here. 19) Integration of Sustainability Risks in the respective funds decision-making process, applied as internal guidance and not as a legally binding requirement. Every investment boutique has access to NAM's proprietary ESG Model and ESG analysis from the RI team and ESG data from external providers via our proprietary ESG data platform. 20) These only refer to Nordea 1 and Nordea 2 Funds.
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