Appendices
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RI Initiatives
NAM is a member and signatory in several RI initiatives and forums.
Investor statements and letters
Investor Action on AMR (IAAMR) Public Investor State- ment | FAIRR: As partners of the Investor Action on AMR Initiative NAM wrote this open statement in its capacity as institutional investors and investor representatives to stress our concerns regarding antimicrobial resistance (AMR) as a systemic risk to investment portfolios, economic stability and to broader society. Letter Calling on the EU to Set a Greenhouse Gas Emissions Reduction Target of at least 90% by 2040 : The letter strongly urges the Environment and Climate min- isters of the European Union to adopt a robust target which will boost the resilience of the EU, ensure energy security, and enhance competitiveness. Petrochemical Investor statement: The statement is signed by 70 international financial institutions with a combined AUM/AUA total of USD 6.8 calling on petrochemical companies to transition to safe and environmentally sound practices, by reducing fossil fuel dependency and eliminating hazardous chemicals in plastics.
Carbon Disclosure Project (CDP) Nordea is a signatory to the CDP, a project that aims to collect and share information on greenhouse gas emissions and climate change strategies. We are also represented on the CDP Water Advisory Council. Climate Action 100+ Nordea Asset Management is a signatory of the Climate Action 100+, a collaborative five-year global initiative led by investors to engage with the world’s largest corporate greenhouse gas emitters to improve governance on climate change, curb emissions and strengthen climate-related financial disclosures. Diversity Project Europe Since 2021 NAM has been a part of Diversity Project UK which is a cross-company initiative championing a truly diverse, equitable and inclusive UK investment and savings industry. The project is a non-profit organisation structured with a board, advisory council and steering group. Kasper Elmgreen, CIO of Fixed Income & Equities, has taken a seat in the advisory council which is a group responsible for defining and setting out the strategy of the project. Investor Statement on Shareholder Rights: On May 28, 2024, Nordea Asset Management, along with other investors man- aging $4.8 trillion in assets, signed the Investor Statement on Shareholder Rights. This statement supports the SEC's role in arbitrating shareholder proposals and expresses concern over litigation that may discourage sustainability-related proposals. It advocates for constructive dialogue between companies and investors to address concerns, rather than resorting to legal action that could undermine shareholder advocacy in the U.S. Investor Sign-on Comment Letter Environmental and Climate Change Canada Methane (ECCC): Nordea Asset Management had commended ECCC’s efforts to adopt cost- effective regulations to achieve at least a 75% reduction in oil and gas methane emissions by 2030 from a 2012 baseline and urge to move swiftly to adopt comprehensive final standards. Investor Statement to end plastic pollution: In Oct 2024, NAM joined 179 other financial institutions in signing an inves - tor statement supporting a legally binding international treaty to end plastic pollution. The statement, collaboratively drafted by UNEP FI, PRI, Finance for Biodiversity Foundation, Business Coalition for a Global Plastics Treaty, VBDO, and CDP, outlines the financial sector's perspective on essential components for an effective global plastics agreement.
Investor initiatives
Access to Medicine Index Access to Medicine Index analyses the top 20 research-based pharmaceutical companies on how they make medicines, vaccines and diagnostics more accessible in low- and middle-income countries. It highlights best and innovative practices, and areas where progress has been made and where action is still required. Antimicrobial Resistance (AMR) Benchmark The AMR Benchmark tracks how pharmaceutical companies are responding to heightened drug resistance. We were a member of the expert committee between 2017 and 2019. Canada Climate Engagement (CEC) Climate Engagement Canada (CEC) is a collaborative engage- ment initiative targeting the country's heaviest emitters. It is co- ordinated by Canada's Responsible Investment Association, the Shareholder Association for Research and Education (Share) and Ceres. Nordea Asset Management joined CEC in 2023 as the first international supporter.
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