Own business operations
NN Group recognises the importance of treating the environment and the world around us with care. We further believe that managing our direct environmental footprint contributes to cost savings, employee engagement, and better decision-making and business results.
Commitment to net-zero operational footprint
Our direct environmental impact is limited as we mainly operate in an office environment. We nevertheless aim to minimise our footprint by avoiding and/or reducing operational emissions. NN Group is committed to achieving net-zero greenhouse gas (GHG) emissions in its own operations by 2040.
We have set interim targets for our operational footprint across three scopes: Scope 1 (lease car travel and natural gas), Scope 2 (electricity and district heating use by our offices), and Scope 3 (business air travel).
- 45% reduction of Scope 1 and 2, and 25% reduction of Scope 3 emissions by 2025 compared to 2019
- 75% reduction of Scope 1 and 2, and 50% reduction of Scope 3 emissions by 2030 compared to 2019
To achieve these targets, we are implementing energy efficiency measures in our offices and incorporating sustainability in our transportation policies and employee benefit packages.
- We promote energy efficiency measures in our offices and continue to increase the proportion of renewable energy we use.
- We are transitioning our lease car fleet in the Netherlands to a 100% electric fleet. In our other markets, we are aiming to transition to electric cars and otherwise cars with lower emissions, for example hybrid models.
- We encourage video conferencing instead of in-person meetings to maintain lower Scope 3 business air travel emissions.
- We provide employees in the Netherlands with a transport card that can be used for both business and private travel to encourage the use of public transport. There is also a bicycle plan to promote cycling. Furthermore, we support hybrid working, enabling employees to regularly work from home, limiting the need for travel.
- Please see NN Group’s latest Annual Report for the most recent data on GHG emissions from our business operations.
Carbon credit offsetting
To reach net zero in our own operations by 2040, we focus first on reducing own operations’ GHG emissions by taking the reduction measures described above. In addition to these reduction efforts, we will compensate part of the GHG emissions from our own operations through the purchase of voluntary carbon credits. Since 2014, we have been engaging in GHG emission offsetting by funding external carbon removal projects. This contributes to the compensation of our own operations Scope 1, 2 and 3 (business air travel) emissions. In 2021, in collaboration with South Pole, we selected a third-party validated and verified forest conservation project in Peru (Alto Huayabamba). In 2024, we chose to support an additional project – the Kuamat Rainforest Conservation project in Malaysia. Both projects support GHG emission reduction and contribute to a positive impact on communities and the environment by protecting biodiverse habitats.