NN ranks among top performers in benchmark for responsible investment
NN ranks as one of the top performing insurers in a key benchmark for responsible investment in the Netherlands. The Association of Investors for Sustainable Development (VBDO) awarded NN an absolute score of 4.1 out of 5 points, a slight improvement from the previous benchmark.
The VBDO’s Benchmark on Responsible Investment by Insurance Companies in the Netherlands is published every two years. It assesses how 20 Dutch insurers formulate, govern, implement and report on their responsible investment policy. This year, the bi-annual report focused on climate change. Compared to VBDO’s 2021 benchmark study, NN's efforts resulted in an improved absolute score of 4.1, resulting in a fourth overall place. We were among the top performers of the benchmark, with the four top-scoring companies all receiving a four-star ranking.
As a financial services provider, we are aware of our impact on society. We use our resources and knowledge to contribute to a sustainable future. We integrate environmental, social and governance (ESG) factors into our policy and climate change is an important focus area.
Our recently updated Climate Action Plan sets out a clear roadmap to reduce greenhouse gas (GHG) emissions to net-zero in our own operations by 2040, as well as in our proprietary investments and insurance underwriting by 2050. As an investor, we enter into a dialogue with companies to encourage them to reduce their emissions. In addition, we make a positive contribution to the energy transition by investing in climate solutions. We also make customers aware of climate risks through our insurance and banking products, for example, helping them to choose sustainable damage repair, and stimulating them to live more sustainably.
We will continue to work on improving our responsible investment policy and addressing climate risks throughout our activities.
You can read the full VBDO report on their website.