NN Group excludes investments in tobacco (Press Release)


NN Group has taken an important next step in its responsible investment policy. Together with its asset manager NN Investment Partners (NN IP), NN Group has made the decision to exclude tobacco from all its investments. Currently tobacco is already excluded in the dedicated Socially Responsible Investing (SRI) funds and mandates, including sustainable and impact products, which NN IP manages on behalf of its clients.

The decision to extend the exclusion to all proprietary and client funds and mandates has been taken as part of NN Group’s responsible investment policy. Jelle van der Giessen, Chief Investment Officer NN Group: “We have come to the decision that tobacco no longer fits with our responsible investment approach. The decision takes into account concerns regarding public health, because it is not possible to use tobacco products responsibly, as well as the economic burden on society via the externalised economic and societal costs of tobacco and how this may affect investors.”

- Promotion -

NN Group excludes investments in tobacco – NN Group

Partner message

In the midst of a global pandemic, Apple announced one of the corporate world’s most ambitious environmental blueprints – to reduce the climate impact of every Apple device to net zero by 2030. The plan involves cutting 75 per cent of the company’s existing carbon footprint, not only for its own business but also across the manufacturing supply chain and product life cycle.

Learn more

NordSIP Insights

Most read this week

Opportunities and Challenges in China

by Heidi Berg, independent impact investment and ESG consultant based in Shanghai China is among the least affected economies by the ongoing pandemic, and the...

AP1 Ushers in New Passive Fund