Annual Report 2023 (eng) - Flipbook - Side 15
INDUSTRIENS PENSIONSFORSIKRING A/S ÅRSRAPPORT 2023
Transparency of sustainability in
investment
Like the climate footprint of investments,
Industriens Pension also wants to disclose
information about other sustainability factors for
investments. Therefore, it is positive that more
sustainability data is becoming available over
the years. The aim is that, over time, we will have
just as high an information level for sustainability
parameters as we already have for financial key
ratios.
The increased focus on data and increased
information on sustainability factors have been
greatly assisted by new EU regulation in the
form of the Taxonomy and Disclosure
EU taxonomy
New EU regulation in the form of a
classification system, a so-called taxonomy,
aims to provide more clarity and
transparency with regard to investments
being categorised as sustainable. In its final
form, the taxonomy will contain screening
criteria for a total of six climate and
environmental objectives: climate change
mitigation, climate change adaptation,
sustainable use and protection of water and
marine resources, transition to a circular
economy, pollution prevention and control,
and protection and restoration
of
biodiversity and ecosystems. Moreover, it
must be possible to document that an
investment
–
besides
contributing
considerably to one or more environmental
objectives – will do no significant harm to
any of the other environmental objectives
and furthermore will meet a number of social
minimum requirements.
INVESTMENT ACTIVITIES
Regulations that require both non-financial and
financial undertakings to provide information
regarding sustainability characteristics.
This documentation is stated in Annexes 1 and 2,
which include sustainability-related information
on Industriens Pension's products (average rate
and market rate). The annexes state that the
products are so-called Article 8 products that
promote
environmental
and
social
characteristics. The annexes describe what
conditions the investments promote and what
indicators we use to measure the impact of
investments.
For example, the climate footprint and a number
of indicators for whether the investments live up
to international conventions in the social area.
Furthermore, it is has been calculated that 20%
of investments in Industriens Pension's marketrate product could be classified in 2023 as
sustainable on the basis of the definition of
sustainable investment in Article 2.17 of the
Disclosure Regulation.
It is not yet possible to calculate how great a
percentage of the investments can be classified
as sustainable under the EU Taxonomy. In 2024,
Industriens Pension will continue efforts to
document sustainability in the portfolio.
Read more about our work on responsible
investment and sustainability on our website
www.industrienspension.dk.
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