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Own business operations

As a financial services provider, our activities are mainly office-based, which means our direct environmental footprint is relatively limited. However, we still believe it is important to lead by example and reduce the GHG emissions from our own operations.

We aim to achieve net-zero GHG emissions across our own operations by 2040. To ensure we make consistent progress, we have set interim reduction targets of 35% in 2025 and 70% in 2030, compared to our 2019 base year. These targets cover:


  • Scope 1: GHG emissions mainly from heating and cooling office buildings
  • Scope 2 (market-based): GHG emissions mainly from purchased electricity in our office buildings
  • Scope 3 (Category 6 – business travel): GHG emissions from business travel by air
  • Lease cars: GHG emissions from employee lease cars

In 2025, we realised a reduction of 47% in GHG emissions compared to our 2019 base year. This means we met our interim reduction target for 2025.

To achieve the targets, we are working to reduce energy consumption, phase out fossil fuels and transition to renewable energy sources, while taking steps to travel more sustainably.


  • Electrification of heating and cooling: We are phasing out fossil fuels in our operations by electrifying heating and cooling where possible.
  • Energy efficiency improvements: We have implemented a range of measures to reduce electricity consumption in our office buildings, including LED lighting, indoor temperature controls and timed switches for office equipment.
  • Renewable electricity: We are transitioning our offices away from fossil fuels to renewable sources of electricity.
  • Sustainable mobility: In 2025, we completed the transition to a fully electric car fleet in the Netherlands for NN Group and most of our Dutch subsidiaries. For the remaining Dutch subsidiaries and our international branches, we are focusing on transitioning to hybrid and electric cars in the coming years, taking local infrastructure into account. To reduce emissions from business air travel, we updated our business travel policy in 2024 to encourage climate-conscious travel decisions where travel is necessary.

Please see NN Group’s latest Annual Report for the most recent data on GHG emissions from our business operations.

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NN Group Annual Reports

Making climate contributions through carbon credits

As we work towards achieving net zero, we recognise that our operations still produce GHG emissions. In addition to taking action to reduce our emissions, we support projects beyond our value chain that help avoid and reduce emissions. Previously, carbon credits were used to compensate for a portion of our operational emissions. In 2025, we redefined their role as climate contributions, clarifying they are not intended to compensate emissions but to accelerate global climate action. This is in line with evolving market practices and stakeholder expectations regarding the use of carbon credits.

We have been cooperating with South Pole since 2021 to support high-integrity projects through voluntary carbon credits. Our initial focus was a forest conservation project in Peru (Alto Huayabamba). In 2025, we chose to support a reforestation project in Sierra Leone (Miro Plantations). Both projects adhere to the Verified Carbon Standard (VCS) and Climate, Community & Biodiversity (CCB) Standards. The projects support emissions avoidance and reduction, and contribute to positive impacts on communities and the environment by protecting biodiverse habitats.

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