Fair Money & Economic Opportunity

NN Group's initiatives have shown positive wealth-building outcomes, with 75% of 18,567 supported Dutch households increasing their financial self-reliance.

For participants in income generation projects, the average debt decreased from 54% to 45%. The company pledged to invest 1% of its operating result before tax in society by 2023, but in 2022, it invested 0.6%. Financial literacy programs reached 99 people who received training and 7,500 children through guest lectures in 2018. The company's community investment program operates in all NN markets, including countries like Poland, Spain, Japan, and the Netherlands, with 45 partnerships in the Netherlands and approximately 120 in other markets.

Fair Pay & Worker Respect

NN Group's Collective Labour Agreement (CLA) for 2024-2025 covers all employees with a Dutch employment agreement whose jobs are classified in Hay levels 8-22.

Assuming the 2016 figure of 5,700 Dutch employees against a 2024 global headcount of 16,439, approximately 34.67% of the global workforce is covered by collective bargaining. The company reported a Total Recordable Incidence Rate (TRIR) that saw a slight increase in 2023 compared to 2022, though four manufacturing sites achieved zero recordables in 2023. For pay equity, NN Group's 2023 Bloomberg Gender Equality Index score for Equal Pay/Gender Pay Parity was 88.24%, but it also reported a 29% gender pay gap, primarily due to women being overrepresented in lower pay grades and underrepresented in higher ones. Employee engagement is reflected by 84% of employees recommending working at NN Group to a friend and 91% approving of the CEO. The company states it tolerates no forced labor, child labor, bonded labor, or human trafficking in its global operations or supplier base. Regarding insecure contracts, NN Group states it limits the long-term deployment of external staff and provides an annual development budget of €350 for temporary workers employed for over a year. The company offers various mandatory and optional insurance schemes, including WGA Excedent, IVA Excedent, and WGA Hiaat Aanvullingszekerheid Uitgebreid, which provide income supplements for occupational disability, and an optional ANW-gap insurance for partners after an employee's death.

Honest & Fair Business

NN Group NV agreed to a settlement of approximately EUR 300 million with interest groups regarding unit-linked insurance products, recognizing a provision of approximately EUR 360 million in the fourth quarter of 2023 to cover these costs.

This follows a court ruling that the company had offered insufficient information about product costs. In 2018, NN Group scored 100% for Organisational Transparency in a TRAC report. The company has a Whistleblower Policy, updated in 2021 to comply with the EU Whistleblower Directive and revised in 2023, which includes a 'Speak Up' system for anonymous reporting, protection from retaliation, acknowledgment within seven days, and an admissibility assessment within four weeks. The company has an Anti-Corruption Programme with a 92% score in a 2018 TRAC report, and a Gifts, Events, and Business Meals Policy to mitigate bribery and corruption risks. KPMG Accountants N.V. served as the external auditor until 2025, with EY Accountants B.V. appointed for 2026-2029, adhering to a ten-year rotation rule for Dutch listed companies. The company has a 'Standard on External Auditors’ Independence' and the Audit Committee pre-approves auditor services and reviews quarterly overviews of services and fees.

Kind to Animals

NN Group, as an insurance and asset management company, does not engage in activities such as product manufacturing, animal testing, or direct sourcing of animal products, rendering several KPIs N/A. The company has an investment policy stating it does not invest in companies involved in animal testing, applying this restriction to its Proprietary Assets and specialized Socially Responsible Investment (SRI) funds.

For its Sustainable and Impact strategies, NN IP applies a maximum of 5% of revenues on the production of fur and specialty leather and 10% for distribution or retail activities of these products. NN Group participates in the BBFAW Global Investor Collaboration on Farm Animal Welfare, an annual engagement to improve animal welfare management practices among 150 global companies, and has signed the Global Investor Statement on Farm Animal Welfare. The company also advocates for policy and legislation that support sustainability and shareholder rights.

Planet-Friendly Business

NN Group's total Scope 1, 2, and 3 greenhouse gas emissions were 3.192 million tCO₂e in 2024, a decrease from 3.801 million tCO₂e in 2023.

The company has set a net-zero target for its own operations by 2040 and for its proprietary investment portfolio by 2050. It also has interim emissions reduction targets of at least 35% by 2025 and 70% by 2030 from 2019 levels. However, NN Group is not participating in any tracked reduction initiatives, indicating a lack of SBTi-validated targets. No specific regulatory actions, violations, fines, or compliance issues were mentioned in the provided articles.

Respect for Cultures & Communities

No specific, quantitative evidence was found in the provided articles to assess NN Group NV against any of the defined KPIs for 'Respect for Cultures & Communities'. Information regarding formal partnerships with indigenous groups, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, cultural preservation investments, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving specifically for cultural heritage, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion was not available.

The reported 1% contribution of operating result before tax to communities in 2023 does not align with the 'percentage of company revenue' metric required by the 'revenue_reinvested_local' KPI.

Safe & Smart Tech

NN Group has established an ethical framework for AI use and works with DEI experts to develop ethical AI tools.

All employees are required to complete GDPR e-learning. The company audits algorithms and data sets, and humans are responsible for AI mistakes. NN Group complies with GDPR, has a group-wide data protection framework, and appoints Data Protection Officers. Data subjects have rights under GDPR, including access, rectification, erasure, portability, and objection. NN Group has a Responsible Disclosure Policy for vulnerabilities, offering rewards for valid reports, and the policy is governed by Dutch law. The company states it will use state-of-the-art encryption and authentication mechanisms.

Zero Waste & Sustainable Products

No specific, concrete evidence for 2NN.XETRA regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging to product ratio, waste reduction targets, supplier waste requirements, or customer waste education was found in the provided articles. Article 1 explicitly states that its facts are related to the general performance of financial institutions and not 2NN.XETRA.

Other articles mention general sustainability statements or climate solution investments, which are not specific to the KPIs for Zero Waste & Sustainable Products.