Nordea’s funds get excellent scores in responsible investment report from the UN

ESG analysts from Nordea on a field trip to Chile where a copper mine is inspected.
20-09-10 14:19 | Markets and investments | Sustainability

Nordea Asset Management, which manages Nordea’s funds, has been awarded excellent scores by the United Nations-supported Principles of Responsible Investment (PRI) for its overall sustainability strategy and governance.

Nordea’s funds fared excellently in the responsibility assessment. In the area of strategy and governance, Nordea received the highest rating of A+, while in all the other categories it received an A rating, which was clearly above average especially in the area of active ownership. The score reflects our 13 years of experience in the field of sustainable investments and our true commitment to integrating environmental, social, and governance (ESG) principles into each step of our investment process for the funds.

The PRI assesses the actions reported by the signatories annually and provides a report of its assessment to those that have responded. The report assigns the signatories a rating from A+ (highest) to E (lowest). The peer group includes all the signatories that have responded to the questions in the category in question. The assessment criteria include strategy and governance, active ownership, selection and supervision of external asset managers and asset class-specific modules concerning equities, fixed income investments and property. 

The ratings are based on information reported by the signatories, which has not been audited by an independent auditor. All of the responses given by the signatories are published on the PRI website. 

The journey continues

The ESG processes used when investing the assets of Nordea’s funds have been developed for more than 13 years, and this work continues. This autumn, the work to align investments in Nordea’s Sustainable Funds with the climate goals of the Paris Agreement will start. This work will begin in the sectors that account for more than 80% of global greenhouse gas emissions.   

Read more about the PRI assessment

Follow our work with active ownership in your local Nordea Funds Magazine:

nordeainvestmagasinet.dk/aktivt-ejerskab 
nordeafundsmagazine.fi/aktiivinen-omistajuus
nordeafondsmagasinet.no/aktivt-eierskap
nordeafondmagasinet.se/aktivt-agande

The UN Principles for Responsible Investment (PRI)

Nordea Asset Management, which manages Nordea’s funds, signed the United Nations Principles for Responsible Investment (PRI) as the first Nordic asset manager in 2007. The PRI signatories are committed to incorporating environmental, social and corporate governance (ESG) issues into investment decision-making processes and promoting responsible investment for their part. Moreover, in accordance with the sixth principle, the signatories are committed to reporting on their responsible investment activities every year.

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