Facts & figures
NN Group is committed to creating long-term value for all our stakeholders, underpinned by our strategic commitments and reflected in our financial and strategic targets. For more information read about Our purpose and strategy. Our ambition is to be an industry leader, known for customer engagement, talented people, and contribution to society. We have set clear targets and regularly disclose progress in a transparent way. We are pleased that our efforts are being recognised by various ESG ratings and benchmarks.
NN Group takes an integrated approach to reporting. The 2022 Annual Report contains various elements developed by the Value Reporting Foundation such as the value creation model and a materiality matrix. This report strives to present relevant information about NN's strategy, governance, performance and future prospects in ways that are relevant to the economic, environmental and social contexts in which it operates. Download the Annual Report and related documents.
The information and data in the 2022 Annual Report is prepared in accordance with the Standards (Core) of the Global Reporting Initiative (GRI). While NN Group does not apply the SASB guidelines in preparing its Annual Report, the GRI Index provides an additional guide for investors, referencing the disclosure metrics under the SASB guidelines to NN's 2022 disclosures, where available and applicable.
Our policies and practices are regularly assessed by independent organisations. We share an overview of how they rate NN Group.
|NN Group is part of the Dow Jones Sustainability Indices (DJSI World). We rank amongst the top 10% of our sector with regard to our sustainability performance. In the 2023 assessment, we scored 70 (out of 100), compared to an industry average of 31.
|NN Group is included in the FTSE4Good Index Series that recognises the performance of companies demonstrating strong environmental, social and governance (ESG) practices. As per June 2023, we score a 4.6 (out of 5).
|NN Group is awarded an AA ESG rating from MSCI. ESG Ratings from MSCI ESG Research are designed to measure a company’s resilience to financially material ESG risks.
|ISS ESG research
|ISS ESG research rated NN Group with an overall grade of C (Prime) as of December 2023. Companies are awarded Prime Status if the overall ESG Corporate Rating letter grade meets or exceeds the industry-specific Prime threshold defined by ISS ESG’s Industry Classification Matrix. The Prime threshold reflects the overall magnitude of an industry’s risk exposure and footprint, and is C+ for the majority of industries, B- for high ESG risk industries and C for industries with a lower ESG risk profile.
|As of October 2023, global responsible investment research firm Morningstar Sustainalytics granted NN Group an ESG Risk Rating of 18.5 (low risk).
|NN Group is awarded a B rating by CDP (formerly Carbon Disclosure Project) in 2023. CDP requires NN Group to answer a detailed questionnaire on its response to climate change.
|In ShareAction’s global ranking of insurance companies on responsible investment and underwriting focusing on the themes of climate change, biodiversity and human rights, NN Group received a BB ranking (ratings from AAA ‘highest grade’ to E) in 2021. Furthermore, NN was placed 4th out of 31 insurers with a property and casualty business.
Dutch sustainability ratings
|The Dutch Association of Investors for Sustainable Development (VBDO) publishes a Benchmark Responsible Investment by Insurance Companies. In the 2023 edition, NN was ranked fourth place in the benchmark (out of 30 insurance companies in the Netherlands).
|The VBDO also publishes a Tax Transparency Benchmark that focuses specifically on corporate disclosure of tax procedures and practices. In the 2023 edition, NN was ranked second place in the benchmark (out of 65 EU stock-listed companies).
|The Dutch Transparency Benchmark is carried out by the Dutch Ministry of Economic Affairs. In 2023, NN Group’s score of 53 (out of 100) represents a 71st position out of 250 companies.