NN Group - NN Group's Climate Strategy | Sustainable Future Goals

An existential threat

Climate change is one of the most pressing risks of our time. The world is undergoing negative changes due to global warming, including more frequent and more extreme weather events and the associated disruptions to livelihood. If we do not take rapid action as a global community, there will be lasting consequences to ecosystems, human health and security.

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 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.