Nordea 1 - Global Social Empowerment Fund

LU2257592514

Issuer	Nordea Investment Funds S.A.
Fund provider	Nordea Investment Funds S.A.
Fund type/Asset class	Equity fund
Legal form	SICAV
Fund issue date	03/12/2020
Last Update	18.07.2023
Benchmark	MSCI ACWI Index (Net Return)
Tranche	Private Investors Institutional Investors foundations

Risk Indicator (PRIIP)
4 of 7

Licensed in
D, A, CH, LU

Classification by SFDR
Article 9

EU Taxonomy
-

% of Sustainable Investments according to SFDR
-

Principal Adverse Impacts

Greenhouse Gas Emissions

Water

Waste

Biodiversity

Energy Efficiency and Fossil Fuels

Social and Employee Matters

Sustainable Development Goals

No Poverty

Zero Hunger

Good Health and Well-being

Quality Education

Gender Equality

Clean Water and Sanitation

Affordable and Clean Energy

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Reduced Inequality

Sustainable Cities and Communities

Responsible Consumption and Production

Climate Action

Life Below Water

Life on Land

Peace and Justice Strong Institutions

Partnerships to achieve the Goal

Normal allocation

Equities	90 % to 100 %
Bonds	Excluded
Money market/Bank deposits	Excluded
Commodities	Excluded
Direct investments	Excluded
Derivatives	Excluded
Other	-

Sustainability approach

Principal Adverse Impacts	Greenhouse Gas Emissions Water Waste Biodiversity Energy Efficiency and Fossil Fuels Social and Employee Matters
Further remarks on the consideration of SDGs	-
Rationale behind classification according to SFDR	Article 9 The fund is classified as article 9 as per SFDR with minimum commitment to 85% sustainable investments. A fundamental bottom-up research process identifies companies that derive significant future cashflows from their contribution to social solutions.The fund invests in companies that are part of a proprietary investment universe of social solution providers. Companies in the investment universe are materially involved in economic activities that are considered socially sustainable. Companies are assessed based on their contribution to relevant social UN SDGs. For more information, please refer to the fund's article 10 document here: https://www.nordea.lu/documents/sustainability---related-disclosures/SRD_N1_GSEMF_eng_INT.pdf
Engagement	Yes, organized internally Link to engagement policy
Voting	Yes, organized internally Link to voting policy
Best-in/of-Class	No n/a
ESG-Integration	Yes The Nordea 1 - Global Social Empowerment Fund is managed with an Environmental, Social and Governance (ESG) evaluation. It invests in companies whose businesses align with the SDGs on Social themes. More information in the the Fund's Portrait: https://www.nordea.lu/documents/fund-portrait/FP_GSEMF_eng_INT.pdf
Norm-based screening	UN Global Compact ILO core labour standards OECD Guidelines for Multinational Enterprises Other • OECD Principles of Corporate Governance • Universal Declaration of Human Rights • UN Guiding Principles on Business and Human Rights • Children’s Rights and Business Principles • Rio Declaration on Environment and Development • UN Convention on Corruption • Convention on Cluster Munitions
Themes	Social projects SDGs Education The Nordea 1 - Global Social Empowerment Fund allocates capital in three central social thematic areas: Vital Needs (e.g. nutrition and sanitation) Inclusion (e.g. learning and education) Empowerment (e.g. health and wellness)
Impact Investing	Social The themes targeted by the Nordea 1 – Global Social Empowerment Fund are Vital Needs, Inclusion and Empowerment. Since we make these investments with an objective of social positive change, we also need to monitor the real-economy change delivered by our holdings. Here, we combine qualitative and quantitative information to assess the contribution each holding makes to the SDG for which it was selected. The metrics we use for the environmental and social outcomes are chosen on a holding-by-holding basis, reflecting the nature of the solution each company is offering. More information in the fund's portrait here: https://www.nordea.lu/documents/fund-portrait/FP_GSEMF_eng_INT.pdf
Further information on the sustainability approach	The Nordea 1 – Global Social Empowerment Fund turns the spotlight onto companies that can offer solutions to the growing social challenges. Our dedicated strategy chooses companies whose businesses align with the social SDGs. The fund allocates capital in three central thematic areas: Vital Needs (e.g. nutrition and sanitation) Inclusion (e.g. learning and education) Empowerment (e.g. health and wellness) Link to sustainability approach

Research and Transparency

In-house sustainability analysis	Yes, 23, out of which 1 is solely focused on this portfolio
Research partners	No n/a
Percentage of portfolio with sustainability analysis	100 %
Strategically important suppliers included	Yes
Sustainability advisory committee	Right of proposal and veto NAM’s RI approach is governed by the RI Committee (RIC), chaired by NAM’s CEO and comprised of senior management. The RIC may decide to exclude, quarantine and/or engage with the company,
Analysis of portfolio CO2	Yes, forward-looking indicator More information in our Climate Report: https://www.nordea.lu/documents/esg---climate-report/ESG-CR_eng_INT.pdf
Sustainability reporting	Yes https://www.nordea.lu/documents/esg---report/ESG-R_GSEMF_eng_INT.pdf/
At least monthly portfolio publication	Yes Link to monthly portfolio publication
Certification/Label awarded by independent auditors	- Other Towards Sustainability
Contact for inquiries	clientservice.germany@nordea.com

Environmental

Exclusion of sectors / areas of business – companies

Fossil fuels (Coal, Oil and Gas)	Yes
Nuclear power (operation and components)	No
Green genetic engineering	No
Chlorine and agrochemicals (biocides)	No
Other	-

Exclusion of business practices – companies

Environmentally damaging behaviour	Yes
Damage to biodiversity	Yes
Other	Please see our guidelines for our Thematic Equities strategies on ESG exclusions: https://www.nordea.lu/documents/sensitive-industries-guidelines---thematic-equities/SIG-TE_N1_eng_INT.pdf

Exclusion criteria – countries

Non-ratification of the Paris Climate Agreement	N/A
Non-ratification of the Protocol on Biosafety	N/A
Non-ratification of the UN Biodiversity Convention	N/A
Nuclear power by proportion of gross energy production	N/A
Other	-

Social

Exclusion of sectors / areas of business – companies

Weapons/Armaments	Yes 5 % Turnover threshold
Cluster bombs and anti-personnel mines	Yes
Weapons of mass destruction (ABC/CBRN)	Yes
Tobacco products	Yes 5 % Turnover threshold
Pornography	Yes 5 % Turnover threshold
Spirits/Alcohol	Yes 5 % Turnover threshold
Gambling	Yes 5 % Turnover threshold
Other	-

Exclusion of business practices – companies

Labour rights (ILO core labour standards)	Yes
Exploitative child labour	Yes
Violation of human rights	Yes
Animal testing	No
Other	Please see our guidelines for our Thematic Equities strategies on ESG exclusions: https://www.nordea.lu/documents/sensitive-industries-guidelines---thematic-equities/SIG-TE_N1_eng_INT.pdf

Exclusion criteria – countries

Labour rights	N/A
Violation of human rights	N/A
Military spending as a percentage of GDP	N/A
Death penalty, torture	N/A
Countries classified by Freedom House as not free	N/A
Violations of the Nuclear Non-Proliferation Treaty	N/A
Violations of other non-proliferation treaties	N/A
Other	-

Governance

Exclusion of business practices – companies

Corruption and bribery	Yes
Tax: planned avoidance & detected violations	Yes
Other	Please see our guidelines for our Thematic Equities strategies on ESG exclusions: https://www.nordea.lu/documents/sensitive-industries-guidelines---thematic-equities/SIG-TE_N1_eng_INT.pdf

Exclusion criteria – countries

Corruption	N/A
Other	-

EU Taxonomy
It is possible that reported KPIs for taxonomy eligibility and alignment (being limited to corporate issuers / including only selected economic activities) are low or that KPIs cannot be reported due to limited data availability. Data may be available with a time lag. Data comparability may be limited due to differences in the scope of the economic activities considered. As soon as data is available in sufficient quantity and quality, it will be published in accordance with regulatory requirements.

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