Slide 1: Sustainable long-term value creation for all our stakeholders
Sustainable long-term value creation for all our stakeholders August 2024
Slide 2: NN Group at a glance
NN Group at a glance Our company Our main brands Operating capital generation2 • International financial services company, 7% with a strong presence in Europe and Japan 6% • Active in 11 countries, unified international culture with shared best practices 22% 50% • ~19 million customers served by >16
Slide 3: Sustainable long-term value creation for all our stakeholders
Sustainable long-term value creation for all our stakeholders Our purpose We help people care for what matters most to them Our ambition Our strategic commitments We want to be an industry leader, known for our customer engagement, Engaged customers We deliver an outstanding customer and distributor
Slide 4: An industry leader, known for customer engagement, talented people and contribution to society
An industry leader, known for customer engagement, talented people and contribution to society NN Group can make a real difference Contributing to the SDGs by supporting our 19 million Providing relevant products Contributing to the transition customers and contributing to the and services to suppor
Slide 5: Our sustainability journey
Our sustainability journey NN Group publishes NN Group NN Group becomes a NN Group launches NN Group announces interim NN Group publishes an NN Group Responsible Investment discloses its first member of the IIGCC and ambition to transition targets to transition its update of its Climate publishes wh
Slide 6: Progress on our strategic targets, with a focus on climate action plan
Progress on our strategic targets, with a focus on climate action plan
Slide 7: Progress to achieve strategic targets
Progress to achieve strategic targets Above market average Net Promoter Employee engagement2 of ≥ 8.0 by 2025 Diversity: Women in senior management Score (NPS-r) of Netherlands and positions3 of ≥ 40% by 2025 International1 by 2025 7.7 7.9 7.8 7.8 40% 40% 39% 34% Netherlands: on par International: a
Slide 8: Climate Action Plan
Climate Action Plan Climate Action Plan1 • Sets out a clear roadmap to reduce greenhouse gas (GHG) emissions to net-zero in NN’s own operations by 2040, as well as in its investments and insurance underwriting by 2050, by: • Helping to accelerate the transition to a low-carbon economy, for example u
Slide 9: Ambition to achieve net-zero emissions across the business
Ambition to achieve net-zero emissions across the business Interim reference objectives2 Ambition Actions 2025 2030 Proprietary Transition proprietary • Reduce carbon emissions for Dutch residential mortgages by ~34%3 investment investment portfolio to by 25% by 45% • Reduce GHG emissions of corpora
Slide 10: Our performance is recognised in indices and ratings
Our performance is recognised in indices and ratings Included Included 16 B AA #4 (P&C C #4 (RI1) #8 (Score 70 out (Score 4.6 (low risk) (range A to (range AAA insurance) (prime) (out of 30) (out of of 100) out of 5) D-) to CCC) (out of 31) #2 (Tax2) 400+) (out of 65) #2 (Insurance) (out of 63) As o
Slide 11: Customers
Customers Providing relevant products and services to support customers through the challenges of today and tomorrow
Slide 12: Providing an excellent customer experience
Providing an excellent customer experience Customer needs shape the Innovating our business while Data privacy and protection customer experience adding value to our customers • Complying with GDPR1, designated Data • Meeting real needs through each phase of • Using digital capabilities to continual
Slide 13: Access to products and services that help customers address societal challenges
Access to products and services that help customers address societal challenges • Mortgages including a building depot for sustainability measures • Platform to help customers make their homes more energy-efficient Sustainable living • BeFrank (PPI) offers the option to compensate CO footprint of pe
Slide 14: People
People Providing an inclusive and open working environment that allows employees to thrive
Slide 15: Attracting, developing and retaining engaged employees
Attracting, developing and retaining engaged employees Employee value proposition Diversity and inclusion strategy Optimising employee engagement • Providing a workplace that supports • Promoting diversity in all forms, as set out in • Engagement essential for long-term cooperation and allows people
Slide 16: Society
Society Being a good corporate citizen and contributing to the communities in which we live and operate
Slide 17: Using our resources, expertise and networks for the advancement of our communities
Using our resources, expertise and networks for the advancement of our communities Our target Our achievements in 1H2024 • Support the financial, physical and/or mental well-being of 1 million people by 20251 • Published NN Group’s Community Investment Overview 2023 • Successful 4th NN Volunteer wee
Slide 18: Reducing our own operational footprint
Reducing our own operational footprint On track to achieve operational emissions targets1 Lease car fleet in the Netherlands to be fossil-free in (GHG emissions, in kilotonnes) 2025. In 2023: 50% fossil-free 20 15 Continue to increase the use of energy efficient -35% technologies and procure a highe
Slide 19: Strong commitment to responsible tax behaviour
Strong commitment to responsible tax behaviour Positive contributor to society Transparency and governance Our commitment has been • Acting according to the letter and the spirit of • Transparent on our approach to tax and our consistently recognised the law and regulations of the countries in tax p
Slide 20: Responsible investing
Responsible investing Contributing to the transition to a sustainable economy by investing our assets responsibly
Slide 21: Using our influence to achieve positive change
Using our influence to achieve positive change Responsible Investment Voting and engagement Restriction: a measure of Biodiversity approach for Framework Policy • Direct or collaborative engagement last resort our proprietary by NN Group, external asset • Policy sets out approach to managers or serv
Slide 22: Our approach to transitioning our proprietary investment portfolio to net-zero GHG emissions by 2050
Our approach to transitioning our proprietary investment portfolio to net-zero GHG emissions by 2050 Decarbonisation of investment portfolio Increasing investments in climate solutions • Paris Alignment strategies for sovereign bonds, corporate investments2, • Positive Impact Programmatic Venture la
Slide 23: Net-zero strategy for proprietary asset portfolio
Net-zero strategy for proprietary asset portfolio Targets per asset category Investments in climate solutions2 • Government bonds: improve weighted average Climate Score annually (30 June 2024) • Corporate investments1: reduce GHG emissions by 25% by 2025 and 45% by 2030 • Target to double investmen
Slide 24: Governance
Governance Sustainability is embedded throughout the organisation and governance structure
Slide 25: Sustainability is embedded in our governance
Sustainability is embedded in our governance 25
Slide 26: Strong corporate governance framework
Strong corporate governance framework Supervisory Board NN Group has a two-tier board structure Supervisory Board Responsible for supervising the management performed by the Executive Board and the general course of affairs of NN Group and its businesses, and assists the Executive Board with advice
Slide 27: Experienced and diverse Management Board
Experienced and diverse Management Board Management Board • Strong Management Board with the required skills and experience • Average experience in the financial sector of over 20 years • Diversity promoted through the organisation David Knibbe (NL) Annemiek van Melick (NL) Chief Executive Officer1
Slide 28: ESG is integrated into remuneration
ESG is integrated into remuneration Remuneration principles ESG is integrated in objective setting Committed to closely monitor the • Supporting sustainable long-term value creation by • Annual target setting for senior leaders evolves development of NN’s CEO pay ratio using performance objectives t
Slide 29: More information
More information
Slide 30: More information
More information Sustainability at NN Group Memberships and endorsements • Taking climate action: link • Responsible investment: link • Our approach to tax: link • Sustainable business operations: link • Sustainability governance, stakeholders, memberships and endorsements: link • Sustainability fac
Slide 31: Important legal information
Important legal information NN Group’s Consolidated Annual Accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (“IFRS-EU”) and with Part 9 of Book 2 of the Dutch Civil Code. In preparing the financial information in this document, the
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