An existential threat
Climate change is one of the most pressing risks of our time. The world is experiencing many negative changes as a result of global warming, including extreme weather events and disruptions to livelihood. If the global community does not take rapid action, there will be lasting consequences to ecosystems, human health and security. We are committed to reducing our greenhouse gas emissions, while investing in and insuring climate solutions, and collaborating with others to create momentum for change.
Net zero by 2050
Our commitment is to align all our business activities with the goals of the Paris Agreement to help limit global warming to 1.5°C above pre-industrial levels. We have set separate net-zero targets for our operations by 2040 and for our proprietary investments and insurance underwriting by 2050. To help us determine the direction of our net-zero investment strategy and monitor its effectiveness, we have also set intermediate targets.
What we do to achieve our climate goals
- Set targets in line with 1.5℃ pathways for assets and liabilities
- Insure and invest in climate solutions
- Take an active approach to engagement
- Reduce greenhouse gas (GHG) emissions from our own operations
- Use exclusion as a last resort
Transition to a low-carbon economy
NN Group can play a key role in ensuring a sustainable future for all generations, as we know that the choices we make today impact the world of tomorrow. We are committed to accelerating a just transition to a low-carbon economy, where no one is left behind.
Our approach
- Help accelerate the transition to a low-carbon economy to limit the rise in the average global temperature to 1.5°C. For example, by using a range of levers such as engagement, capital allocation to climate solutions, and phase-out and/or exclusion policies.
- Develop and offer products and services that address the environmental challenges our customers face. For example, by developing new products and services that contribute to a low-carbon economy, or by helping insure our customers against climate-related impact.
Climate Action Plan
In our NN Climate Action Plan, we outline our strategy to reduce GHG emissions to reach our net-zero goal. This plan includes target setting for a range of asset classes within our investment and financing activities and insurance underwriting and outlines how we aim to achieve our objectives. We regularly update our Climate Action Plan.
Beyond climate: taking action on nature
NN Group committed to the Finance for Biodiversity Pledge (FfB) in 2022 and joined Nature Action 100, a global investor-led engagement initiative focused on supporting greater corporate ambition and action to reverse nature and biodiversity loss, in 2023. In early 2024, we published a biodiversity white paper to highlight material biodiversity impacts and dependencies in our corporate investment portfolio, as well as key milestones towards 2030. Since then, we have continued to develop an internal Nature Action Plan and have set initiation targets to increase our understanding of (and exposure to) nature-related dependencies, impacts, risks and opportunities.
We will also set portfolio targets for our corporate investment portfolio, as part of our commitment to the Finance for Biodiversity Pledge. Our plan includes initiatives on responsible investment governance.
The environment is one of the topics in the implementation of the Responsible Insurance Underwriting (RIU) policy framework that was adopted in 2024. In 2025 we expanded our home insurance underwriting criteria to include biobased homes, to promote biobased construction because of its environmental benefits. We are also working on a step-by-step expansion of biodiversity risk assessments for our underwriting activities.
We are also working to increase awareness on issues related to biodiversity and launched a biodiversity e-learning for employees in 2025.
More about our road to net zero
We have aligned our net-zero strategies with our activities and how we are organised. Read more about our strategies from different perspectives.
Investments
We have taken important steps to ensure our investment portfolio is more sustainable.
More about our investmentsBanking
NN Bank is steering its mortgage portfolio towards becoming net-zero by 2050 or earlier.
More about bankingInsurance
The insurance industry has an important role to play in meeting the challenges of climate change.
More about insurance underwritingOwn business operations
NN Group recognises the importance of treating the environment and the world around us with care.
More about our operations