The EU Sustainable Finance Disclosure Regulation (“SFDR”) aims to increase transparency on how financial market participants integrate sustainability (or Environmental, Social and Governance, “ESG”) risks and opportunities into their investment decisions. The SFDR introduces a classification system with new disclosure requirements for certain financial products. NN Insurance Belgium is in scope of the SFDR.
The introduction of the SFDR helps to ensure that NN Insurance Belgium and similar financial institutions disclose their approach towards sustainability, and we support this goal. The result of the SFDR will be transparency via disclosures on our website and in certain product documents to enable customers, investors and other stakeholders to compare different products with respect to their ESG risks and sustainable investment objectives.
The impelentation of the SFDR took effect on 10 March 2021 and will continue in the coming years. NN Insurance Belgium will continue to apply the new requirements in this regard.
This page includes all information on our approach to the SFDR. It includes information on:
Statement on principal adverse impacts of investment decisions on sustainability factors
As part of our approach to responsible investing, we aim to mitigate the negative impacts of our investment decisions on sustainability factors. For more information, Read the full statement here.
Sustainability Risk Policy
We apply the Responsible Investment Framework policy of the NN Group (the “RI Framework policy”), that supports “the systematic incorporation of Environmental, Social, and Governance (“ESG”) factors into the investment process, managing both risks and opportunities.”. Read the full policy here.
How our remuneration policy integrates sustainability risks
We apply the Remuneration Policy which is drawn up in accordance with the NN Group Remuneration Framework Policy (the “Framework”). The Framework is aligned with NN Group business strategy, objectives, values and risk appetite and supports the creation of long-term value for all our stakeholders. Following the Framework, performance management is based on a number of financial and non-financial performance objectives. These objectives focus on robust and effective risk management, as well as balanced risk taking.
How our financial products are classified according to SFDR, can be read on the product pages:
In line with the SFDR we include information in our product disclosures about how we integrate sustainability risks into investment decisions, the adverse sustainability impacts at product level and how we classify each as indicated in the SFDR, including the required relevant information. The product classifications help our customers and other stakeholders identify whether a product is:
- Promoting environmental or social characteristics;
- Has a sustainable investment objective; or
- Is a mainstream product doing neither of the above.
These disclosures are also included either in our pre-contractual product disclosures or on this website.
- NN Strategy fiscal - Pension Savings (branch 23)
- NN Strategy Fiscal Long-Term Savings – Branch 23
- NN Strategy non-fiscal (Free saving in Branch 23)
- NN Lifelong Income
- Scala Invest (Free investment in branch 23)
- NN Scala Free Pension (VAPZ)
- NN Scala Privilege - IPC
- NN Scala Professional Pension POZ
- NN Scala Executive
- MultiPlan and MultiPlan+
- Alto Cash Balance
- Alto Bonus
- Scala Corporate
- Alto Defined Contribution