Corporate social responsibility 2020 - Flipbook - Page 6
INDUSTRIENS PENSIONSFORSIKRING A/S
RAPPORT OM SAMFUNDSANSVAR 2020
Responsible investment
Industriens Pension believes in the value of
being an active and responsible investor.
Members and businesses who pay into the
pension scheme, but also society at large,
should be confident that pension funds are
invested responsibly. The focus of our work on
responsible investment is to promote
sustainable societal development and to protect
and increase members’ long-term investment
returns.
Industriens Pension’s policy on responsible
investment and active ownership ensures that
we take account of human rights, workers’
rights, the environment and climate, anticorruption and responsible tax behaviour when
we invest, and that our investments do not
contribute to activities associated with weapons
that contravene conventions, coal mining,
extraction of tar sand, etc. These considerations
are collectively referred to as ESG factors.
This section sums up the most important new
activities at Industriens Pension in relation to
implementing our policy in 2020.
1
Climate and the environment
Industriens Pension integrates environmental
and climate aspects into the investment process,
for example to comply with the goals of the 2015
Paris Agreement. This is partly by monitoring our
existing portfolio, and partly by seeking out new
investments in sustainable energy and the green
transition in general; investments that also yield
attractive risk-adjusted returns. For many years,
Industriens Pension has been expanding its
green investments, and an external analysis of
our share portfolio showed that the
environmental and climate footprint of the
portfolio is more than 20% lower than a similar
footprint from the global stock markets in
general1.
RESPONSIBLE INVESTMENT
make further
investments.
green
and
climate-friendly
Investments in solar farms with Better Energy
Solar energy is renewable energy that can help
Denmark become independent of fossil fuels by
2050. Industriens Pension is contributing to this
development though an agreement with the
renewable energy company Better Energy. The
collaboration will give a huge boost to the
deployment of Danish solar farms operated
without state aid.
This is a 50/50 partnership between Industriens
Pension and Better Energy on ownership of
completed farms, while Better Energy will
continue to be responsible for operation of the
solar farms. The agreement includes
investments with total construction costs of up
to DKK 4 bn., making this the largest Danish
solar cell investment ever.
The first five solar farms covered by the
agreement are already in operation, while the
majority of the farms are expected to come into
operation in 2021 and 2022.
Industriens Pension has committed itself to
helping meet the target of the Danish
government and the entire Danish pension
sector to invest DKK 350 bn. in the green
transition up to 2030. To meet this target and to
work towards achieving the 2050 goal of the
Paris Agreement, it is crucial we continue to
Source LGT. Industriens Pension’s investments are 21% below
the benchmark for CO2, 63% below the benchmark for waste,
5% below for energy consumption and 60% below for water.
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