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01-02-2022 08:34

The World Wildlife Fund highlights Nordea Life & Pension’s net zero ambitions

The World Wildlife Fund (WWF) is one of the world’s leading conservation organisations, and in its latest report “Owning the Future” Nordea Life & Pension’s target setting and alignment methodologies for how to lower carbon emissions are highlighted as “leading practice”.

Peter Sandahl, Head of Sustainability in Life & Pension.

“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.

CEO of Nordea Life & Pension, Katja Bergqvist.

“At Nordea Life & Pension we know the importance of not only focusing on reducing emissions, but also on developing and investing in new climate solutions and technologies,"says CEO of Nordea Life & Pension, Katja Bergqvist.

"As long-term investors we play an important role in contributing to and driving an ambitious climate transition at the same time as it gives us new investment opportunities. I’m very happy to see that our work is being recognised,”


About the WWF 

The WWF is one of the world’s largest and most experienced independent conservation organisations, with over five million supporters and a global network active in more than 100 countries.

Read more about the WWF

What is Nordea Life & Pension highlighted for?

The report highlights several of Nordea Nordea Life & Pension’s targets and methodologies, including:

  • Nordea Life & Pension’s 2025 emission reduction target on portfolio level, which is set in accordance with a protocol developed by the UN-convened Net-Zero Asset Owner Alliance.
  • Alignment activities on sector level based on a model which Nordea Life & Pension has been part of developing for the financial industry together with colleagues in the Net Zero Asset Owner Alliance.
  • The climate risk scenario analysis and stress-testing where Nordea Life & Pensions uses a so-called Climate Value at Risk model for corporate exposures.

Click here to read the full report (Nordea Life & Pension is listed on page 26)

Read more about Nordea Life & Pension’s climate ambitions