“We’ve put a lot of work into developing our climate change practices over the past years, and we’re very happy to receive this recognition from the WWF. It shows that our efforts are starting to pay off,” says Peter Sandahl, Head of Sustainability in Life & Pension.
In 2021 Nordea Life & Pension announced that asset managers are required to have committed to a net zero target in line with a 1.5 degree scenario in 2024 at the latest in order to manage assets on behalf of Nordea Life & Pension.
At the same time Nordea Life & Pension also declared its climate goals for 2025, which include a target to reduce the carbon intensity of its portfolios by at least 25 per cent by the end of 2024.
Comprehensive study on ESG practices
It’s noted in the WWF report that Nordea Life & Pension is able to complement forward-looking analysis with a broad variety of retrospective carbon metrics.
“We stay humble about the fact that this is a complex area where we continuously need to develop and improve our capabilities and practices to provide value to our customers and to the broader society,” Peter Sandahl says.
The WWF regularly assesses asset owners’ ESG practices and the organisation’s reports are well recognised and widespread. In the latest report they did a comprehensive study of asset owners’ net zero practices, covering more than 30 of the largest asset owners in 12 European countries.