NN Investment Partners
NN Investment Partners (also known as NN IP) is a Netherlands-based asset manager, with headquarters in The Hague and offices in 15 countries in Europe, Asia and the Americas. The company is a wholly owned subsidiary of NN Group, the biggest Dutch life insurer. NN IP is an active manager for institutional and wholesale investors around the world. It manages €287 billion in assets for clients, integrating Environmental, social and corporate governance (ESG) criteria throughout the investment process for the majority of its strategies. NN IP is globally ranked as the 87th biggest asset management  firm and the third biggest Dutch asset manager. NN IP offers its services to pension funds, insurers, family offices, independent financial advisers, banks and private individuals; in addition to managing the assets of the NN Group. On the 19th of August 2021 NN announced an agreement to sell its asset manager NN Investment Partners (NN IP) to Goldman Sachs Group, Inc. History. The company was created under the name of ING Investment Management in 1994, when parent company NN Group was part of bank and insurance company ING Group. In the aftermath of the 2008 financial crisis, ING was required  to divest its insurance activities and the asset management division. NN Group, the combination of the two businesses, was listed on Euronext Amsterdam in 2014. The following year, ING Investment Management was rebranded as NN Investment Partners. On April 11, 2022 Goldman Sachs Group, Inc. announced that they had acquired NN Investment Partners from NN Group N.V. for €1.7 billion. Responsible Investment Policy. In 2019, NN IP published its first Responsible Investing Report, in which it provides insights into how it integrates environmental, social and governance (ESG) criteria into its investment processes. According to the report a set of  ESG criteria is applied to 67% of its total assets under management. NN IP generally pursues active engagement with potentially controversial companies to help them improve their ESG profiles. One example cited by NN IP is the palm oil industry. Engagements with several large plantation companies have resulted in progress on encouraging them to pursue a more sustainable policy. In 2019, NN IP became a member of the Roundtable on Sustainable Palm Oil (RSPO). In a limited number of cases, the company has divested it holdings in sectors deemed detrimental to society and/or the planet. Excluded business activities include adult  entertainment, arctic drilling, fur & specialty leather, gambling, nuclear energy, shale oil & gas and weapons.