Appendixes
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• Extractive Industries Transparency Initiative (EITI) EITI’s aim is to promote the transparent and accountable man- agement of oil, gas and mineral resources. Nordea has been a member since 2016. • FAIRR We’ve joined the FAIRR’s collaborative investor engagement on sustainable proteins which asked a number of global food com- panies to diversify their protein sources to drive growth, increase profitability, reduce risk exposure, and improve their ability to compete and innovate in a resource-constrained world. • Finance for Biodiversity Pledge The Finance for Biodiversity Pledge is a commitment of 84 financial institution, representing € 12.6 trillion in AuM, to pro- tect and restore biodiversity through their finance activities and investments. The Pledge consists of five steps financial institu- tions promise to take: 1. Collaborating and sharing knowledge, 2. Engaging with companies, 3. Assessing impact, 4. Setting targets, and 5. Reporting publicly on the above before 2025. • Institutional Investor Group on Climate Change (IIGCC) IIGCC provides investors with a collaborative platform to encour- age public policies, investment practices and corporate conduct that address long-term risks and opportunities associated with climate change. • International Corporate Governance Network (ICGN) ICGN's mission is to promote effective standards of corporate governance and investor stewardship to advance efficient mar-
• Partnership for Carbon Accounting Financials (PCAF) In 2020, we joined this global partnership of financial institutions launched in 2015 aiming develop a harmonised approach to measure and disclose GHG emissions associated with loans and investments. A harmonised accounting approach provides finan- cial 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 we are on the Advisory Panel of this industry-led organization aimed at establishing and promoting responsible practices for pharma supply chains. The dialogue and relation- ship with PSCI is part of our engagement with the world’s larg- est pharma companies to address pharma water pollution in India, one of the largest drug manufacturing hubs in the world. • Principles for Responsible Investment (PRI) PRI is an investor initiative to incorporate ESG in investment processes. We were an early adopter of RI and signed the PRI in 2007. • Sustainability Accounting Standards Board We are founding member of SASB’s Investor Advisory Group (IAG). As part of this work we lead disclosure engagements with companies, and demonstrate how SASB standards are used by investors in different fora. • Swedish Investors for Sustainable Development Partnership comprising 20 of the largest financial actors on the Swedish market and the Sweden's government agency for development 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. • Task Force on Climate-related Financial Disclosures We are an official supporter of TCFD. The recommendations provide a foundation for climate-related financial disclosures for all companies, aimed at encouraging companies to report on the climate-related risks and opportunities that are most relevant to their business activities. • Transition Pathway Initiative We are a supporter of the Transition Pathway Initiative (TPI), which is a global, asset-owner led initiative assessing compa- nies' preparedness for the transition to a low carbon economy. • UN Environmental Programme Finance Initiative (UNEPFI) 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 mem- ber of the UNEP FI Banking Committee in 2018 and now since August 2020 hold the Scandinavian seat on the UNEP FI Bank- ing 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. • World Benchmarking Alliance (WBA) Since 2017, we have been part of WBA Allies representing organ- isations working at global, regional, and local levels to shape the private sector’s contributions to achieving the SDGs.
kets and sustainable economies worldwide. • Investor Alliance for Human Rights (IAHR)
We are a member of this investor initiative focusing on the inves- tor responsibility to respect human rights, corporate engage- ments that drive responsible business conduct, and standard- setting activities that push for robust business and human rights policies. • Investor Initiative on Sustainable Forests (IISF) IISF works to foster investor collaboration and engagement to eliminate deforestation from soy and cattle supply chains in South America. • Investor Mining and Tailings Safety Initiative We’ve joined this investor led engagement which advocates for increased tailings dam safety and transparency in the mining industry. • Investor Policy Dialogue on Deforestation (IPDD) We are a founding and advisory committee member of the IPDD initiative, which was formally established in July 2020. The objective of the IPDD initiative is to ensure long-term financial sustainability of investments by promoting sustainable land use and forest management and respect for human rights. • Montreal Carbon Pledge We signed the Montreal Pledge in 2014 as one of the first signa- tories. By signing this pledge, we commit to measuring and pub- licly disclosing the carbon footprint of our investment portfolios on an annual basis. • Net Zero Asset Managers Initiative In December 2020, we became an early joiner, committing to support the goal of net zero emissions by 2050, in line with the global efforts to limit warming to 1.5 degrees through our investments.
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