Responsible Investments Report 2021

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Contents RI Annual Report 2021 Foreword

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2021 at a glance The year in review

ESG highlights of the year Regulation, a force for change Active in the global RI community New investor initiatives in 2021 Sustainability in our Nordic DNA Our Responsible Investment approach ESG Governance and Teams Responsible Investment Framework

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ESG research approach – how we asses an ESG investment

Our Responsible Investment overlays Norms-based- and PAI screening

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Active Ownership

Exclusions

ESG Integration across asset classes Responsible Investment strategies at NAM

Stepping into impact investing

Outlook 2022 Appendixes

Nordea Nordea is the largest financial services group in the Nordic region (approx. 9 million personal customers and 500,000 corporate customers) 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 1 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. 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 292 bn (31 December 2021) in assets under management, we have been experiencing strong growth over the past decade.

1) Nordea Asset Management it is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Manage- ment AB 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.

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