The final responsibility for the overall investment policy, including the management of climate-related financial risks lies with the Board of MN. The management of climate-related financial risks are regularly discussed by the Board.
The fiduciary responsibility lies with the Chief Investment Officer. MN is a signatory of the principles of ‘Fiduciary Duty in the 21st Century’. MN regards the integration of climate-related financial risks as an integral part of its fiduciary duty.
MN’s CIO, who is also a member of MN’s executive committee, chairs a steering group that coordinates the integration of climate-related financial risk management throughout MN’s asset management activities. The steering group discusses and decides on climate-related financial risk policies and implementation strategies.