NN Group NV

Common Name
NN Group
Country
Netherlands
Sector
Financial Services
Industry
Insurance - Diversified
Employees
13,497
Ticker
NN
Exchange
EURONEXT
Description
NN Group N.V. is a leading financial services company operating primarily in the insurance and asset management sectors. Originating from the Netherlands, NN Group provides a diverse range of products...

NN Group's GHG Emissions Data Preview

In 2024, NN Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

NN Group has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
0000000
Location-Based
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b
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind NN Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore NN Group’s data sources below and access millions more through our Disclosure Search.

a. NN Group's Annual Report 2024
a. NN Group's Annual Report 2024
b. NN Group's Annual Report 2023
b. NN Group's Annual Report 2023

Insights into NN Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of NN Group amounted to 8,509 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of NN Group decreased by 11.52%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

NN Group's Scope 1 Emissions Over Time

2019202120222023202401 k2 k3 k4 ktCO2e+32%0%-55%+6%
  • Total Scope 1
  • Year-over-Year Change

What are NN Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of NN Group were 1,896 metric tons of CO₂ equivalent (tCO₂e). a

Has NN Group reduced its Scope 1 emissions over time?

Since 2019, NN Group's Scope 1 emissions have decreased by 37.47%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), NN Group's Scope 1 emissions increased by 6.22%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are NN Group's Scope 2 emissions?

In 2024, NN Group reported Scope 2 greenhouse gas (GHG) emissions of 4,375 tCO₂e using the market-based method and 6,613 tCO₂e using the location-based method. a

Has NN Group reduced its Scope 2 emissions over time?

Compared to the previous year (2023), NN Group's Scope 2 emissions (Location-Based) fell by 15.56% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does NN Group use for Scope 2 reporting?

In 2024, NN Group reported its Scope 2 emissions using the market-based method and using the location-based method. a

NN Group's Scope 2 Emissions Over Time

2019202120222023202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into NN Group's Value Chain Emissions

In 2024, NN Group reported 3,185,858 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of NN Group includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

NN Group's Scope 3 Emissions Over Time

2019202020212022202320240950 k1.9 M2.85 M3.8 MtCO2e-83%-79%+1233%+189620%-16%
  • Total Scope 3
  • Year-over-Year Change

What are NN Group's Scope 3 emissions?

In 2024, NN Group reported total Scope 3 emissions of 3,185,858 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 2.8% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.2% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has NN Group reduced its Scope 3 emissions over time?

Since 2019, NN Group's Scope 3 emissions have increased by 74,422.99%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), NN Group's Scope 3 emissions decreased by 16.04%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does NN Group disclose?

In 2024, NN Group reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of NN Group's Scope 3 emissions?

In 2024, the largest contributors to NN Group's Scope 3 emissions were: a

  • Investments (Cat. 15): 3,096,665 tCO₂e (97.2%)
  • Purchased Goods and Services (Cat. 1): 75,057 tCO₂e (2.36%)
  • Business Travel (Cat. 6): 6,185 tCO₂e (0.19%)

NN Group's Scope 3 Emissions by Categories

Investments(Cat. 15)(97.2%)Purchased Goods andServices (Cat. 1)(2.4%)

Insights into NN Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, NN Group reported Scope 1 greenhouse gas (GHG) emissions of 1,896 tCO₂e and total revenues of USD 11,463 millions. This translates into an emissions intensity of 0.17 tCO₂e per millions USD. a

NN Group's Scope 1 Emissions Intensity Compared to Peers

0.025500100,00020,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)MSBB Seguridade ParticipacoesYear: 2022Scope 1: 799,200 tCO2eRevenue: $M 879Scope 1 Intensity: 909.52 tCO2e/$MMMMomentum Group LtdYear: 2023Scope 1: 4,396 tCO2eRevenue: $M 5,210Scope 1 Intensity: 0.84 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSampo OyjYear: 2024Scope 1: 883 tCO2eRevenue: $M 9,933Scope 1 Intensity: 0.09 tCO2e/$MiA FinancialYear: 2024Scope 1: 6,757 tCO2eRevenue: $M 2,647Scope 1 Intensity: 2.55 tCO2e/$MPorto SeguroYear: 2023Scope 1: 1,853 tCO2eRevenue: $M 6,272Scope 1 Intensity: 0.30 tCO2e/$MHarelYear: 2022Scope 1: 4,260,000 tCO2eRevenue: $M 3,599Scope 1 Intensity: 1,183.55 tCO2e/$MAgeasYear: 2024Scope 1: 16,238 tCO2eRevenue: $M 8,824Scope 1 Intensity: 1.84 tCO2e/$MUnipol AssicurazioniYear: 2024Scope 1: 9,062 tCO2eRevenue: $M 12,128Scope 1 Intensity: 0.75 tCO2e/$MVaudoise Assurances HoldingYear: 2023Scope 1: 527 tCO2eRevenue: $M 1,784Scope 1 Intensity: 0.30 tCO2e/$MVienna Insurance GroupYear: 2024Scope 1: 18,538 tCO2eRevenue: $M 13,454Scope 1 Intensity: 1.38 tCO2e/$MHelvetia HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MStar HealthYear: 2024Scope 1: 0 tCO2eRevenue: $M 1,600Scope 1 Intensity: 0.00 tCO2e/$MAvivaYear: 2024Scope 1: 7,437 tCO2eRevenue: $M 39,855Scope 1 Intensity: 0.19 tCO2e/$MSSSagaYear: 2024Scope 1: 109,647 tCO2eRevenue: $M 731Scope 1 Intensity: 150.02 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MPhoenix FinancialYear: 2024Scope 1: 3,783 tCO2eRevenue: $M 8,260Scope 1 Intensity: 0.46 tCO2e/$MSinar Mas MultiarthaYear: 2024Scope 1: 9,024 tCO2eRevenue: $M 1,621Scope 1 Intensity: 5.57 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MAXAYear: 2024Scope 1: 21,054 tCO2eRevenue: $M 93,490Scope 1 Intensity: 0.23 tCO2e/$MSun Life FinancialYear: 2023Scope 1: 15,057 tCO2eRevenue: $M 28,817Scope 1 Intensity: 0.52 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MNN GroupYear: 2024Scope 1: 1,896 tCO2eRevenue: $M 11,463Scope 1 Intensity: 0.17 tCO2e/$M

How does NN Group's GHG emissions intensity compare to its peers?

In 2024, NN Group reported a Scope 1 emissions intensity of 0.17 tCO₂e per millions USD. Compared to the peer group median of 0.51 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does NN Group rank on GHG emissions intensity within its industry?

In 2024, NN Group ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places NN Group among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into NN Group's Total Carbon Footprint

In 2024, NN Group reported a total carbon footprint of 3,194,367 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.03% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to NN Group's total carbon footprint was Scope 3 emissions, accounting for 99.73% of the company's total carbon footprint, followed by Scope 2 emissions at 0.21%. a

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