Launched in 2009, the Nordic Engagement Cooperation (NEC) consists of four Nordic institutional investors:
The Folksam Group from Sweden, Ilmarinen Mutual Pension Insurance Company from Finland, KLP from
Norway and PFA Pension from Denmark. To complement our own engagement, we have made the strategic
decision to coordinate some of our engagement activities with companies on environmental, social and
governance issues. Collectively we have approximately EUR 245 billion in assets under management as of
the end of 2019.