NN Group scores 100% in latest Tax Transparency Benchmark
Claire Funken, Peter Paul Boon and Nicolien Holland of Group Tax proudly receive the VBDO Tax Transparency Award on behalf of NN Group
With a 100% score, NN Group has emerged as one of the winners of the 2024 Dutch edition of the VBDO Tax Transparency Benchmark. For the tenth consecutive year, the Dutch Association of Investors for Sustainable Development (VBDO) conducted this comparative study, evaluating 116 stock-listed companies in the EU. NN Group, alongside Philips and the Italian power company Enel, achieved the maximum score of 38 points.
In its report, the jury complimented NN Group for having been a pioneer in the field of tax transparency for many years. Notably, they highlighted our detailed description of how our tax strategy is linked to our broader strategy and values, as well as our extensive reporting on tax risks and controls.
Annemiek van Melick, Chief Financial Officer of NN Group said: ‘We are pleased to rank first in the VBDO Tax Transparency Benchmark, especially in a time when taxation plays a more important role than ever in addressing global challenges. Being future ready also means being transparent and responsible in our tax conduct, and we are committed to upholding these standards. Congratulations as well to Philips and Enel on this shared achievement.’
You can read the full VBDO Benchmark report here.
