Annual Report 2023 (eng) - Flipbook - Side 71
Annex 1
Proportion of investments that can be classified according to the definition in Article 2(17) of the Disclosure Regulation.
Proportion of sustainable investments that, with an
environmental or social objective in economic
activities, can be qualified according to Article 2(17)
of the Disclosure Regulation.
2022
2023
NA
20%
Sustainable investments are investments that fall under the definition in Article 2(17) of the Disclosure Regulation, i.e.
investments in an economic activity that contributes to an environmental or social objective, provided that such
investments do not significantly harm any of those objectives and that the investee companies follow good governance
practices, employee relations, remuneration of staff and tax compliance. The calculation covers listed investments that
fall under the definition, infrastructure investments in renewable energy, and properties that either have a Silver or a Gold
DGNB certification for their operation. The calculation shows investments as a proportion of the market-rate product's
total portfolio and was calculated for the first time in 2023.
Sustainability indicators for social characteristics:
In the social area, the following reports on two indicators for significant social conditions in the companies in which
Industriens Pension invested. The proportion is calculated as the percentage of investments in companies that fall within
the category.
Violations of UN Global Compact principles and
OECD Guidelines for Multinational Enterprises
Lack of processes and compliance mechanisms for
monitoring compliance with the UN Global Compact
principles and OECD Guidelines for Multinational
Enterprises
2022
2023
0.7%
0.6%
46.3%
46.0%
While investments in companies that have failed to comply with the UN Global Compact principles and OECD Guidelines
for Multinational Enterprises are very limited, the proportion of companies lacking processes for monitoring compliance
with the principles and guidelines was around 46% in 2022 and 2023, and this will therefore be a focus point in our future
dialogue with companies in the portfolio.
For investments in countries, we use data from an external collaboration partner, Sustainalytics, to assess whether
government bonds from certain countries should be excluded due to a low ESG performance in terms of respect for
human rights, climate issues, efficient and stable governance, etc. In this context, Sustainalytics' Country Risk Rating is
5
