Climate and social goals shape NNIP investments

Prioritizing investments that tackle climate change and inequalities in societies is in line with positive returns. This is based on the experience of NN Investment Partners (NNIP) last year, according to its 2021 results, with the Netherlands-based fund house achieving several responsible investment milestones.

For example, 37% of the firm’s assets are now managed in line with its goal of achieving net zero by 2050. NNIP has also expanded its responsible investment product offering, including launching a new sovereign strategy at add to its range of green bonds.

Meanwhile, it has tightened its restriction criteria to cover companies that derive more than 20% of their revenue from oil sands and thermal coal, up from 30% previously.

“We are in this business to deliver sustainable results that make a real difference in the world and to ensure that our clients see sustained long-term growth in their returns,” said Valentijn van Nieuwenhuijzen, Chief Investment Officer of NNIP.

Last year, the company also increased ESG integration to 91% of total assets, up from 74% in 2020.

To take part

Key to NNIP’s approach in 2021 was to use its influence as an active investor to steer companies in its portfolios towards more sustainable business strategies, both through engagement and exercising rights. of voting.

This included: holding 49 climate dialogues with 21 companies; and vote on 68 environmentally-related shareholder proposals – and support 96% of them.

The company has also partnered with international initiatives to help advance critical issues such as halting deforestation and providing workers with a living wage. She notably spearheaded the Climate Action 100+ commitment with BASF.

Additionally, he has helped foster greater corporate transparency around climate change, deforestation and water security by participating in the non-disclosure campaign led by CDP, a non-profit organization that runs a global disclosure system.

Social successes

The NNIP also focused last year on challenges highlighted by Covid-19, such as equal access to affordable healthcare.

“We have placed these issues at the top of our responsible investment agenda and are actively supporting progress through our investments as well as our innovative financial product offerings, which we plan to expand,” added Adrie Heinsbroek, Chief Sustainability Officer. at NNIP.

Achievements in 2021 include: holding 33 engagement dialogues with 33 companies on the topic of decent work; support a call for Pfizer to further disclose prices and access to Covid-19 vaccines; joining investors in calling on the EU to introduce effective legislation on human rights and environmental due diligence; and help find ways to eliminate gender-based violence in oil palm plantations.