NN Group Advances Sustainable Procurement for Operational Impact

NN Group works to buy sustainable products and services. The company is a leading international financial services firm. It uses its strong buying power to help the planet. NN Group spends a lot each year. Its supplier network is large. This power creates positive change for the environment.

Focus Areas and Emission Insights

NN Group has clear focus areas. It names IT, consultancy, and facility management as top spenders. These areas also cause the most emissions. Much of the supplier emissions come from serving NN Group’s Dutch units and staff groups.

Transition from Spend-Based to Supplier-Specific Emissions Reporting

NN Group now calculates emissions by how much is spent. To be more accurate, it will ask suppliers for their own greenhouse gas data. This change will increase supplier accountability. It also meets new rules. The Corporate Sustainability Reporting Directive now asks some suppliers to share sustainability details.

Responsible Procurement Strategy and Supplier Engagement

In 2024, NN Group started a responsible procurement plan. It began with its Dutch units and will soon include its international operations. The plan has a strong part called the Supplier ESG Engagement Programme. This program started in 2024 as well. It checks suppliers on net-zero targets, plans for change, and transparency in emissions.

By the end of 2025, NN Group wants to work with suppliers that make up 35% of its spending. If a supplier does not meet the goals, NN Group will help that supplier improve. New suppliers must show clear net-zero plans when they sign a contract. NN Group will review their progress at each renewal.

Commitment to Collaboration Over Exclusion

NN Group prefers to work with suppliers. It works with those who emit a lot to cut their emissions. The company sets minimum sustainability targets and deadlines. It may end contracts if there is not enough progress.

Further Information

Find out more about NN Group’s actions and goals by reading their latest Climate Action Plan on their official website.

About NN Group

NN Group works in 10 countries. It has strong ties in Europe and Japan. It serves about 19 million customers through its subsidiaries. These include Nationale-Nederlanden and ABN AMRO Insurance. The company trades on Euronext Amsterdam under the ticker NN.

For more updates on sustainability in corporate procurement and responsible investment, follow NN Group on LinkedIn and X.

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