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With money comes responsibility.
As a pension provider we are committed to corporate social responsibility. We know that our investments matter in the world we live in. And we know we can make a difference when we invest our customers’ pension savings.s øvrige kunders pensionsmidler.
Principles for responsible investments
Nordea was one of the first major banks in the Nordic countries to sign the UN’s principles for responsible investment (UNPRI). Today Nordea has made significant progress in incorporating environmental, social and corporate governance (ESG) issues into all investment processes. As part of Nordea, we also follow these processes.
To underline our commitment and special focus on ESG issues, we have also signed the UNPRI in our own name. In doing so, we commit to integrating these six principles in our investment process:
- We will incorporate ESG issues into investment analysis and decision-making processes.
- We will be active owners and incorporate ESG issues into our ownership policies and practices.
- We will seek appropriate disclosure on ESG issues by the entities in which we invest.
- We will promote acceptance and implementation of the principles within the investment industry.
- We will work together to enhance our effectiveness in implementing the principles.
- We will report on our activities and progress towards implementing the principles.
Read more about the principles at unpri.orgÅbner i nyt vindue
We work actively with responsible investments. Dialogue and collaboration with the businesses we invest in is the best way to influence and change corporate behaviour. If we exclude them from our portfolio, there is no way to influence behaviour – and other investors with different ethical standards will back these businesses.
To ensure a structured analysis process and the best possible basis for investment and exclusion decisions, we have signed an agreement with ISS-Ethix, an internationally recognised provider of responsible investment services.
In 2015 Nordea engaged in dialogue with over 150 companies.
We have a zero-tolerance policy towards the following investments:
- companies manufacturing biological weapons
- companies manufacturing chemical weapons
- companies manufacturing land mines, cluster bombs and nuclear bombs
- companies whose principal activities (over 75% of revenue) are coal mining
- government bonds issued by governments which in general are subject to sanctions and/or do not respect the UN’s human rights.
Over time we have excluded a large number of companiesÅbner i nyt vindue which have failed to comply with our corporate governance standards.
Our portfolios are transparent. We disclose the companies with which we have engaged, the number of votes in which we participate and – of course – the companies in which we invest.
See the full list here: List of equities (pdf, 565 KB)Åbner i nyt vindue