NN Group N.V.
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NN Group NV is a Dutch financial services company that operates in the life insurance premiums sector. The company was founded in 1963 and is headquartered in The Hague, Netherlands. NN Group NV has a presence in over 15 countries and employs over 15,000 people. The company's mission is to help customers secure their financial futures by providing them with life insurance, pensions, and investment solutions.
NN Group NV is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its carbon emissions by 30% by 2025. To achieve this target, NN Group NV has implemented various measures, including investing in renewable energy and improving energy efficiency in its operations.
One of the ways NN Group NV is investing in renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider to purchase a certain amount of energy at a fixed price for a specified period. By entering into a corporate PPA, NN Group NV is able to secure a reliable and predictable source of renewable energy, while also contributing to the growth of the renewable energy sector.
In 2020, NN Group NV signed a 10-year corporate PPA with Dutch renewable energy company Eneco. Under the agreement, NN Group NV will purchase 70 GWh of renewable energy per year from Eneco's wind and solar farms in the Netherlands. This is equivalent to the energy consumption of over 20,000 households and will help NN Group NV reduce its carbon emissions by 8,000 tonnes per year.
In addition to investing in renewable energy, NN Group NV is also focused on improving energy efficiency in its operations. The company has implemented various measures to reduce energy consumption, such as installing energy-efficient lighting and HVAC systems, and optimizing its data centers. NN Group NV has also set a target to reduce its paper consumption by 25% by 2025, which will help reduce its carbon footprint.
NN Group NV is committed to corporate energy management and has implemented a comprehensive energy management system to monitor and manage its energy consumption. The company regularly tracks its energy consumption and carbon emissions, and has set targets to reduce both. NN Group NV also conducts regular energy audits to identify areas where energy efficiency can be improved.
In conclusion, NN Group NV is a Dutch financial services company that operates in the life insurance premiums sector. The company is committed to decarbonisation and reducing its carbon footprint, and has implemented various measures to achieve this goal. NN Group NV is investing in renewable energy through corporate PPAs and improving energy efficiency in its operations. The company's commitment to corporate energy management and decarbonisation demonstrates its dedication to sustainability and contributing to a greener future.