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Nature Action 100 In 2023, NAM joined more than 200 institutional investors – representing $26.6 trillion in assets under management, in Nature Action 100, an Investor focusing on companies “systematically important” to reverse nature and biodiversity loss. The initiative has entered its engagement phase and we participated in the letter that was sent to 100 companies, who have been identified as critical for biodiversity protection and restoration. Net Zero Asset Managers Initiative (NZAM) In December 2020, we became an early joiner, committing to sup- port the goal of net zero emissions by 2050, in line with the global efforts to limit warming to 1.5 degrees through our investments. Operating Principles for Impact Management (OPIM) NAM has signed the Operating Principles for Impact Management (OPIM). We are joining 180+ signatories representing $580B in AuM with this pledge to integrate impact throughout the invest- ment process in alignment with 9 principles. Partnership for Carbon Accounting Financials (PCAF) In 2020, we joined this global partnership of financial institu - tions launched in 2015 aiming develop a harmonised approach to measure and disclose GHG emissions associated with loans and investments. A harmonised accounting approach provides financial institutions with guidance in developing risk management and regulatory compliance as well as a starting point required to align their portfolio with the Paris Agreement. Pharmaceutical Supply Chain Initiative Advisory Panel Since 2018 NAM is on the Advisory Panel of this industry-led orga- nization aimed at establishing and promoting responsible practices for pharma supply chains. The dialogue and relationship with PSCI is part of our engagement with the world’s largest pharma compa- nies to address pharma water pollution in India, one of the largest drug manufacturing hubs in the world. WE are a member of the advisory board, as the only asset manager. Principles for Responsible Investment (PRI) PRI is an investor initiative to incorporate ESG in investment pro- cesses. We were an early adopter of RI and signed the PRI as early as 2007.
Swedish Investors for Sustainable Development Partnership comprising 20 of the largest financial actors on the Swedish market and the Sweden's government agency for devel- opment cooperation (Sida) formed in 2016 and works to explore the role of investors, risks and opportunities related to the 2030 Agenda. Nordea joined in 2020. Transition Pathway Initiative We are a supporter of the Transition Pathway Initiative (TPI), which is a global, asset-owner led initiative assessing companies' preparedness for the transition to a low carbon economy. UN Environmental Programme Finance Initiative We signed the UNEP FI in 1994. It is a partnership between UNEP and the global financial sector to mobilise private sector finance for sustainable development. We also became a member of the UNEP FI Banking Committee in 2018 and now since August 2020 holds the Scandinavian seat on the UNEP FI Banking Board. In 2021, Nordea Group’s CEO Frank Vang-Jensen was invited to join the UNEP FI Leadership Council. UN Global Compact Initiated by the UN to encourage businesses to align their strate- gies and operations with ten universal principles building on UN conventions in the fields of human rights, labour standards, envi - ronment and anticorruption. We became a signatory to the UN Global Compact in 2002, first through Nordea Bank Finland. From December 2004 the coverage was extended to the whole Group. UNICEF Sweden It is collaborative investor engagement focusing on Swedish inves- tors and Swedish companies gaming, telecoms and social media and with support from UNICEF Sweden as the expert on child- related aspects. World Benchmarking Alliance (WBA) Between 2016 and 2020, we were a funding and steering commit- tee member of the Corporate Human Rights Benchmark (CHRB) initiative which has now been integrated with the World Bench- marking Alliance (WBA). Since 2017, we have been part of WBA Allies representing organisations working at global, regional, and local levels to shape the private sector’s contributions to achieving the SDGs.
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