Responsible Investments Report 2024

Responsible Investment approach

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ESG and Responsible Investments Committees

At Nordea Asset Management (NAM), we have established a robust structure for both oversight and implementation of respon- sible investment practices. This structure ensures that our commitment to ESG principles is embedded throughout our organiza- tion, from the Board of Directors to individual investment teams.

ESG Committee Following a firm wide ESG project carried out in 2021-22, in 2023 we created an ESG Committee, supported by an operational forum, to secure the governance of our ESG related methods and principles. An ESG Operational Forum facilitates discussions and secures alignment and coordination on ESG matters across the NAM internal value chain, ensuring that the relevant decisions-are brought to the ESG Committee for approval.

Chair AM CEO Nils Bolmstrand

Head of Responsible Investments (non-voting)

Head of Multi Assets

Head of Trading & Operations

Head of Equities & Fixed Income

ESG Committee

The ESG Committee is also responsible for the content of and adherence to our Responsible Investment Policy:

Head of Institutional & Wholesale Distribution

• •

Drive NAM’s ESG Strategy

Head of Technology

Approve entity level ESG principles, policies and statements

Head of NAM Governance

Head of Product Office

• Approve significant changes to ESG methodologies and product strategies • Secure good governance and proper handling of potential conflict of interest matters in the ESG area

Responsible Investment Committee Our Responsible Investment Committee (RIC), which is comprised of the NAM CEO and Senior NAM executives, ensures compliance with our RI Policy by monitoring engagements and deciding on the level of engagement in companies that violate international norms or companies where an engagement is deemed relevant for other rea- sons. Additionally, RIC also submits recommendations on companies to be included/excluded from the Exclusion List (decision is taken by the CIO’s). The RI Committee acts on behalf of all actively managed funds. Day-to-day manage- ment of RI issues is handled by the RI team.

Chair AM CEO Nils Bolmstrand

Head of Equities & Fixed Income

Head of Institutional & Whosale Distribution

Responsible Investments Committee

Head of Responsible Investments

Head of Product Office

Selected representatives from relevant business areas (non-voting) +

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