Our responsible investment policy framework
To demonstrate our vision and approach on Responsible Investment (RI), NN Group developed the Responsible Investment Policy Framework in 2014. With seven key principles, we highlight the measures we will take to responsibly invest our own assets, as well the assets that our customers entrust to us.
The framework is based on NN's values: care, clear and commit. These values, published as the NN Statement of Living our Values, outline the behaviour we expect from our employees. They articulate that we take environmental and social considerations into account in all of our business activities, and that we respect each other and the world we live in.
The framework also reflects various international standards and initiatives that NN Group/ NN Investment Partners has endorsed, like the Principles for Sustainable Insurance (PSI), Principles for Responsible Investment (PRI) and Global Compact, all of which are supported by the United Nations.
We use guidelines, such as the UN Global Compact to help us evaluate the corporate behaviour of companies in which we (may) invest. The UN Global Compact is a set of 10 principles for responsible corporate behaviour in four areas: human rights, labour relations, environment, and anti-corruption. For these areas, NN is developing papers, with the objective of providing guidance to our asset managers. The first papers are on Human Rights and the Environment.
Global Voting Policy
Part of investing responsibly means exercising our voting rights as shareholders. NN has a Global Voting Policy in place to guide our actions when voting on standard resolutions. The policy lays down the high-level voting principles that every NN Group business follows. Every vote that NN Investment Partners casts at shareholder meetings – including proprietary and third-party asset voting – can be reviewed on the proxy voting website.
NN Group applies group-wide restrictions on controversial weapons and arms trade. Companies that demonstrably have activities in the trade of arms to central governments or non-state actors that are sanctioned by a UN, EU or US arms embargo are part of our exclusion list. This is also the case for companies that develop, produce, maintain or trade ‘controversial weapons’. Weapons that we define as controversial include anti-personnel landmines, cluster munitions, depleted uranium ammunition, biological, chemical and nuclear weapons. More detail on our criteria and how we apply our defence restrictions can be found in the Defence Policy.