Nordea Life & Pension: All asset managers to have a net zero target
Nordea Life & Pension is now imposing a new requirement on asset managers to have committed to a net zero target in line with a 1.5-degree scenario in 2024 at the latest in order to manage assets on behalf of Nordea Life & Pension. This has been announced today by Nordea Life & Pension in its climate targets for 2025, which also include the target to reduce the carbon intensity of its portfolios by at least 25 per cent by the end of 2024. Nordea Life & Pension, with around EUR 62 billion in assets under management, co-founded the UN initiative Net Zero Asset Owner Alliance in September