NN Group has today published its first Community Investment Report, a comprehensive overview of the initiatives we support as part of our strategic commitment to contribute to society.
The report showcases how we put our resources, expertise and networks to use for the advancement of our communities in all 11 countries where we operate. In 2021, our total contribution was EUR 8 million, including cash donations to charitable organisations, in-kind donations and 13,586 volunteer hours by our colleagues for a wide range of causes. Our contribution to society amounted to 0.4% of our 2021 operating result before tax, building towards our ambition to contribute 1% of our operating result before tax by 2023.
Fleur Hudig, Head of Corporate Citizenship NN Group: ‘Our first Community Investment Report presents why and how we contribute to the well-being of the people in the communities in which we operate. Through a combination of facts, figures and impact stories, we want to engage our stakeholders with our current and future activities for creating long-term value and impact on society. More importantly, it will steer us towards new activities that will enable us, together with our partners, to further contribute. In 2022, we will focus on deepening, broadening and scaling our societal impact in pursuit of our 1% ambition by 2023.”
Over the years, NN Group’s community investment strategy has focused on supporting the financial well-being of people in need through the NN Future Matters programme. This programme aims to empower people to be more in control of their financial situation and seize economic opportunities through, for example, financial literacy trainings and scholarships.
Physical and mental well-being
In 2021, we expanded our scope of our international community investment programme to include physical and mental well-being. Our focus here is on providing access to (quality) healthcare and, if possible, on bringing health to the privacy of home. In addition, we support initiatives that enable elderly to live a happy and self-sufficient life by helping them stay socially engaged and feeling less lonely.
The full report is available for download at NN Group - Financial report
NN Group is an international financial services company, active in 11 countries, with a strong presence in a number of European countries and Japan. With all its employees, the Group provides retirement services, pensions, insurance, banking and investments to approximately 18 million customers. NN Group includes Nationale-Nederlanden, NN, ABN AMRO Insurance, Movir, AZL, BeFrank, OHRA and Woonnu. NN Group is listed on Euronext Amsterdam (NN).
All figures in this document are unaudited. Small differences are possible in the tables due to rounding. Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in NN Group’s core markets, (2) the effects of the Covid-19 pandemic and related response measures, including lockdowns and travel restrictions, on economic conditions in countries in which NN Group operates, on NN Group’s business and operations and on NN Group’s employees, customers and counterparties (3) changes in performance of financial markets, including developing markets, (4) consequences of a potential (partial) break-up of the euro or European Union countries leaving the European Union, (5) changes in the availability of, and costs associated with, sources of liquidity as well as conditions in the credit markets generally, (6) the frequency and severity of insured loss events, (7) changes affecting mortality and morbidity levels and trends, (8) changes affecting persistency levels, (9) changes affecting interest rate levels, (10) changes affecting currency exchange rates, (11) changes in investor, customer and policyholder behaviour, (12) changes in general competitive factors, (13) changes in laws and regulations and the interpretation and application thereof, (14) changes in the policies and actions of governments and/or regulatory authorities, (15) conclusions with regard to accounting assumptions and methodologies, (16) changes in ownership that could affect the future availability to NN Group of net operating loss, net capital and built-in loss carry forwards, (17) changes in credit and financial strength ratings, (18) NN Group’s ability to achieve projected operational synergies, (19) catastrophes and terrorist-related events, (20) adverse developments in legal and other proceedings and (21) the other risks and uncertainties contained in recent public disclosures made by NN Group.
Any forward-looking statements made by or on behalf of NN Group speak only as of the date they are made, and, NN Group assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities.