RI Annual Report 2024
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Facing forward Steady at the helm: NAM is staying the course with sustainable investment
As we present this report in early 2025, the world of responsible investing continues to evolve rapidly. Indeed, we have witnessed continued demand for our responsible investment solutions despite ambiguity and skepticism in some quarters.
In 2024, NAM raised nearly €5 billion in new sustainability- focused mandates, demonstrating the trust our clients place in our ability to integrate sustainability considerations into robust investment strategies – and to their commitment to decarbon- ization and responsible investment. We are especially proud of the broad range of major mandates we secured across geographies. From a large German pension fund investing over €1 billion in our European Stars Equity Strategy to a major Northern European pension fund allocating more than €2 billion to our Global Impact Strategy; invest- ments also came in from the US, UK, France, Japan and beyond. These partnerships underscore the global appeal of our sustainability-focused offerings. In 2024, we witnessed par - ticular interest for customized solutions focused on decarbon- ization objectives, and we have worked with many clients to meet these needs. Our commitment to Responsible Investment extends beyond our products. Last year, we led 1393 engagements, including a collaborative effort representing over € 3.7 trillion in AuM
focused on improving disclosures and reducing methane emis- sions in the energy, utilities, and waste management sectors. NAM was awarded the prestigious PRI Award “Recognition for Action – Climate” for this effort. Other notable independent honours include "Fund of the Year" at the Environmental Finance 2024 IMPACT Awards for Nordea 1 – Global Impact Fund and “Best ESG European Equity Fund” at MainStreet Partners ESG Champions 2024 awards for Nordea 1 – European Stars Equity Fund. NAM was also ranked 4 th Best Asset Manager in the World for Respon- sible Investment Commitment by RIBI (Responsible Investment Brand Index 2024) based on both RI brand and RI commit- ment. Additionally, we became a signatory of the Operating Principles for Investment Management (OPIM) for our Global Impact Strategy, reinforcing our commitment to rigorous impact measurement and management practices. By year-end 2024, our ESG assets – comprising Article 8 and 9 funds under the EU's Sustainable Finance Disclosure Regula- tion – reached approximately €212 billion, representing over
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