Responsible Investments Report 2025

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Contents Facing Forward

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ESG highlights

2025 at a glance

ESG highlights of the year

ESG Awards

Active in the global RI Community New investor initiatives 2025

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Sustainability at Nordea Group Responsible Investment approach

ESG Governance and Teams

Responsible Investment framework

Responsible Investment Strategies at NAM

Stewardship

Engagement

Voting

Stewardship Activities

Focus on Methane Engagement

ESG Focus Areas

Climate

Biodiversity

Human Rights

Good Governance

Outlook 2026

Nordea Nordea is the largest financial services group in the Nordic region (approx. 10 million personal customers and 600,000 corporate customers)1 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. Active ownership activities in investee companies are done on behalf of our unit holders 3 and clients. 3 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 325bn (31 December 2025) in assets under management, we have been experiencing strong growth over the past decade. 1) As at 31.12.2025. 2) Nordea Asset Management is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A., Nordea Investment Management AB, and Nordea Funds Ltd 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. 3) On behalf of the unitholders of Nordea Funds Ltd and Nordea Investment Funds S.A. 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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