Actively engaged
To support our mission to deliver returns and responsibility, we engage with companies to help them enhance and maintain their ESG activities.
Creating positive change
Active ownership is a powerful way to protect shareholder value, enhance long-term returns and foster positive change. We do this by exercising our formal voting rights as well as proactively engaging with companies and encouraging them to improve their management systems and ESG performance.
Source: Nordea Asset Management Responsible Investments Report 2023
Methane collaborative engagement
Methane is a greenhouse gas with a warming effect of a full 80 times that of C02. That makes bringing down emissions of methane one of the most effective short-term ways to slow the rate of climate change. In the blistering heat of Texas, Nordea Asset Management and collaborators went on a week-long field trip to Houston and the Permian Basin to engage 12 oil and gas companies on methane emissions measurement, reporting and mitigation. The objective is for target companies to achieve near-zero methane emissions backed by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) Gold Standard reporting. The team also participated as speakers at the Global Methane Mitigation Summit, and arranged targeted workshops both in Texas and later in Canada, bringing new companies together with experts from the United Nations and existing signatories to OGMP 2.0, to learn from each other.
Methane Engagement Case
Danger in the water
Methane Engagement Case
Engaging with companies in the oil and gas industry on the disclosure and mitigation of their methane emissions.
- Methane is a powerful greenhouse gas, estimated to account for as much as 25%* of the global warming we’re experiencing today
- Our primary engagement ask is for investee companies with methane emissions to join the OGMP 2.0 framework
- At the end of 2023, engaged with 63 companies on the topic. As a result, nine companies in the engagement joined the OGMP 2.0
- Our Methane Campaign extends to industry best practice initiatives: we participated to the Canada Methane Mitigation summit in September 2023
- Learn more about “Pollution reduction initiative of the year” from Sustainable Company Awards 2023
*Source: International Energy Agency
Danger in the water
Engaging with pharmaceutical companies to address the role they play in India’s water pollution crisis.
Key points:
- The death toll related to antimicrobial resistance (AMR) is estimated to reach 10 million people annually by the year 2050*
- Pharma pollution in India has been identified as a major contributor to the problem
- NAM initiated a long-term engagement with pharma companies based in India that we are invested in
- We issued two reports exposing the extent of pharma pollution in India
- As a result of our engagement, the PSCI developed an action plan to address the problem
*Source: UN Environment Programme