Nordea Asset Management joins the ‘Corporate Human Rights Benchmark’ Steering Committee

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22-01-16 15:34 | Our work

A year since its launch in December 2014, the Corporate Human Rights Benchmark (CHRB) has gone from strength to strength. During 2015, the initiative to rank the top listed companies on their human rights performance completed a successful multi-stakeholder consultation of its methodology, consulting over 400 individuals/organisations across six continents.

The initiative works towards publishing the first pilot benchmark in November 2016 and according to Steve Waygood, Chair of the CHRB Steering Committee, Nordea’s support and guidance will be a huge asset.Nordea is the largest asset manager in the Nordics with EUR184 billion in assets under management. Nordea will join the CHRB Steering Committee for an initial period of three years for the CHRB’s start-up phase. 

- It is a great pleasure to welcome Nordea Asset Management onto the Corporate Human Rights Benchmark Steering Committee. We are delighted that Nordea have decided to support the CHRB. Magdalena Kettis (Nordea Asset Management’s representative on the Steering Committee) brings a wealth of relevant expertise and experience to this initiative, Waygood says. 

“Corporate responsibility is a prerequisite for responsible, good returns” Representing Nordea Asset Management on the Steering Committee is Head of Thematic Research, Magdalena Kettis, who looks forward to joining CHRB.

- As a responsible investor, we believe that corporate responsibility is a prerequisite for a company to achieve responsible good returns. We define responsibility as observance of existing laws, regulations, relevant rules and international conventions, including human rights, Kettis says and continues:

- Human rights is one focus area for our stewardship activities. We are very pleased to be part of this important initiative, which we believe will raise the level of awareness of the materiality of human rights and help companies meet investor expectations on human rights.

Read the full Press Release_Nordea_CHRB (pdf, 209 KB) here.

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