Appendixes
45
RI Initiatives
NAM is a member and signatory in several RI initiatives and forums.
Investor Statements and Letters
• Investor Statement in Support of Mandated Human Rights and Environmental Due Diligence in the European Union As one of the 94 investors with more than USD 6T in assets, we signed a public statement calling on the European Commission to make sure that the new directive on corporate due diligence ensures corporate accountability for human rights and environ- mental impacts through administrative and civil liability, and access to remedy for affected people. • Investor Statement on Corporate Accountability for Digital Rights We were one of the 77 investors representing over USD 5.9 tril- lion in assets, signing an investor statement expressing investors’ concern about the weak governance of digital rights risks and the lack of transparency and accountability in the information and communications technology sector, affecting people’s rights to privacy and freedom of expression, including a lack of users’ control over their own information and how it is used. The state- ment requests companies to consider: 1) Commit to and imple- ment robust human rights governance, 2) Maximize transpar- ency on how policies are implemented, 3) Give users meaningful control over their data and data inferred about them, 4) Account for harms that stem from algorithms and targeted advertising.
• IIGCC Investor Position Statement “Vote on Transition Planning” NAM joined the IIGCC Investor Position Statement “Vote on Transition Planning”, in which 55 leading investors, managing more than USD 14 trillion of assets, are calling for the imple- mentation of new corporate governance measures to ensure shareholders can hold companies to account in achieving ‘net zero emissions commitments’. Investors are calling on compa- nies to disclose a net zero transition plan, identify the director responsible for the plan and provide a means for investors to vote annually on progress against the plan. • Investor Statement for Stronger Biodiversity policies ahead of COP15 Nordea joined the Financial Institutions Call For Stronger Biodi- versity Policies Ahead Of Cop15, representing 78 financial insti- tutions managing more than $10 trillion in assets. The initiative urges world governments to halt and reverse biodiversity loss, and calling for a realignment to a nature-based economy that could generate $10 trillion of annual business opportunities and nearly 400 million jobs by 2030. • Investor Statement on Coronavirus Response Nordea has signed the investor statement on Coronavirus response covering 5 recommended measures for companies to consider during the crisis, and for investors to use as basis for company engagement dialogues. The recommendations address: paid leave, additional health and safety measures, maintaining employment, maintaining supplier and customer relationships, and exercising fiscal prudence, ref. e.g. stock buy- backs and executive compensation. • Investor statement on deforestation and forest fires in the Amazon Initiative where 251 investors together urged companies to assess their operations and supply chain for deforestation risks. • Investor Statement on Human Rights and Business Activities In Myanmar Nordea joined the Investor Statement on Human Rights and Business Activities in Myanmar, a global partnership between 86 investors, with more than 4 trillion USD in combined assets under management, calling on companies to uphold their corporate responsibility to respect human rights by undertaking enhanced due diligence to identify and address human rights harms and in so doing, mitigate legal, financial, and reputational risks associated with such violations. • Investor Statement to Governments on the Climate Crisis Nordea signed the 2021 Global Investor Statement to Govern- ments on the Climate Crisis, in which 587 investors with USD 46 trillion in assets under management are urging governments to rapidly implement five priority policy actions that will allow them to invest the trillions needed to respond to the climate crisis. • G7 Finance Track – Response Letter from the Investor Action on AMR Coalition Together with 12 other investors, NAM signed a response letter to welcome the G7 Finance Ministers’ Statement on Actions to Support Antibiotic Development and to highlight our support of the G7 Finance Track in addressing antimicrobial resistance (AMR). The letter also highlighted the actions that we consider essential for investors to play an impactful role.
Investor Initiatives
• Access to Medicine Index The benchmark analyses the top 20 research-based pharma- ceutical companies on how they make medicines, vaccines and diagnostics more accessible in low- and middle-income coun- tries. It highlights best and innovative practices, and areas where progress has been made and where action is still required. • AMR Cross Industry Expert Group, Business Council for the UN Nordea is a member of this expert group first convened in May 2020. A cross-industry group to advance governance and col- lective action around anti-microbial resistance (AMR) and share insights and best practices. • 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. • Carbon Disclosure Project (CDP) We are 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+ We are 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. • Corporate Human Rights Benchmark (CHRB) The first ever ranking of the world’s largest publicly listed compa- nies on their human rights performance. The 2020 CHRB ranks the top 230 globally listed companies on their human rights policy, pro- cess and performance. Between 2016 and 2020, we were a funding and steering committee member of the CHRB which has now been integrated with the World Benchmarking Alliance (WBA).
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