Own business operations
NN Group recognises the importance of treating the environment and the world around us with care. We further believe that managing our direct environmental footprint contributes to cost savings, employee engagement, and better decision-making and business results.
Commitment to net-zero operational footprint
Our direct environmental impact is limited as we mainly operate in an office environment. We nevertheless aim to minimise our footprint by avoiding and/or reducing operational emissions. NN Group is committed to achieving net-zero GHG emissions in its own operations by 2040 (compared to 2019).
We have set interim targets for our operational footprint across three scopes: scope 1 (lease car travel and natural gas), scope 2 (electricity and district heating use by our offices), and scope 3 (business air travel).
- 45% reduction of scope 1 and 2, and 25% reduction of scope 3 emissions by 2025
- 75% reduction of scope 1 and 2, and 50% reduction in scope 3 emissions by 2030
To achieve these targets, we are implementing energy efficiency measures in our office, and implementing sustainability within our transportation policies and our employee benefit packages.
- We promote energy efficiency measures in our offices and using a higher fraction of renewable energy
- We are transitioning our lease car fleet in the Netherlands to a 100% electric fleet. In our other markets, we are aiming to transition to electric cars and otherwise less emitting cars, for example hybrid cars.
- We encourage video conferencing in place of in-person meetings to maintain lower scope 3 business air travel emissions.
- Our employees commute less following our updated policy indicating 40% office capacity, or at most two days per week at the office on average. NN in the Netherlands introduced a bicycle plan at the beginning of 2023 to promote cycling and sustainable travel among colleagues.
Please see NN Group’s latest Annual Report for the most recent data on GHG emissions from our business operations.
The Alto Huayabamba project
After seeking green alternatives and reducing our use of natural resources, we offset our remaining carbon emissions. In 2022, we invested in forest protection (i.e., REDD+) by purchasing voluntary carbon credits from the Alto Huayabamba project in Peru. We prioritise conservation before reforestation and this project aims to reduce emissions associated with deforestation and land degradation. The Alto Huayabamba project adheres to the Verified Carbon Standard (VCS) and Climate, Community & Biodiversity (CCB) Standards which supports emissions reduction, and contributes to a positive impact on communities and the environment.
