Investments
In recent years, we have taken important steps to ensure our investment portfolio is more sustainable. In line with the Institutional Investors Group on Climate Change (IIGCC) investment framework, we have developed asset-class-specific Paris alignment strategies for sovereign bonds, corporate investments (equity and corporate fixed income), private equity, infrastructure and real estate.
Commitment to net-zero proprietary investments
We aim to transition our proprietary investment portfolio to net-zero greenhouse gas (GHG) emissions by 2050 at the latest. For the corporate investment portfolio, we have set interim decarbonisation reference objectives to steer our net-zero strategy and monitor its effectiveness. We aim to reduce the GHG emissions intensity of this portfolio by 45% by 2030 (relative to 2021 as the baseline year).
Investing in frontrunners of the transition
To implement our strategy, we use our methodology to categorise companies and other issuers (using current and forward-looking criteria) based on their alignment or potential alignment with the Paris Agreement. For new investments, we take a best-in-class approach to choose issuers that are well-positioned to meet the Paris climate targets. For existing assets, we focus on engagement with companies to drive their transition to a sustainable business model. We believe this offers the best opportunity to make a real impact. If sufficient progress is not made within what we deem to be a reasonable timeframe, we will divest these assets.
Oil and gas policy
NN Group acknowledges that urgent action is required to reduce dependency on fossil fuels and facilitate the transition to a low-carbon renewable economy. We have therefore drawn up a comprehensive oil and gas policy for proprietary assets, combining our approach for unconventional and conventional oil and gas. This policy applies investment restrictions on, for example, oil sands, Arctic oil and gas, and shale oil and gas. All new investments in the oil and gas supply chain will be directed to best-in-class companies committed to lowering their emissions to net zero by 2050, aligned with a Paris Agreement 1.5°C pathway. Read more in our Oil and Gas policy.
Investments in climate solutions
We support the transition to a low-carbon and climate-resilient economy by investing in climate solutions, such as green bonds, renewable energy projects and energy efficient real estate. In 2025 we announced an updated target of growing our investments in climate solutions to EUR 13 billion by 2030, subject to market environment and constraints. The increase over the past three years is mainly due to additional investments in green bonds, renewable energy projects such as solar or wind farms, and upgrades to buildings to make our real estate portfolio more sustainable. For more details on the progress we are making on achieving our climate objectives, see our latest annual report.