Corporate Social Responsibility 2021 - Flipbook - Page 3
INDUSTRIENS PENSIONSFORSIKRING A/S
2021
CORPORATE SOCIAL RESPONSIBILITY REPORT
INTRODUCTION
Introduction
By virtue of collective bargaining agreements,
Industriens Pension has been trusted with an
important task for industrial employees in
Denmark: To manage contributions made by
companies and employees during a person’s
working life to supplement state pensions and
secure a good income throughout retirement for
Danish industrial employees.
Industriens Pension has thus been trusted with
substantial pension assets, and with the task of
investing these assets responsibly.
Sound asset management that provides a good
living for each individual pensioner is vital for the
Danish economy as this will secure contributions
to the national economy through tax payments.
However, there is also an expectation that
growing pension assets are to contribute to
sustainable societal development, e.g. through
initiatives in the EU Shareholder Rights Directive
committing us to influence the companies we
invest in through active ownership. Similarly, the
Disclosure Regulation lays down rules for the
company to disclose how investments affect
sustainability in various areas.
Finally, Industriens Pension wants to serve as a
good example, and consequently strives to reduce
its own climate footprint and ensure good
conditions for its own employees.
This report describes Industriens Pension’s
approach to responsible investment and social
responsibility in a general context, as well as work
on corporate social responsibility carried out in
2021. The report also contains information that is
compulsory according to sections 132, 132a and
132d of the Executive Order on Financial Reports
for Insurance Companies and Multi-Employer
Occupational Pension Funds.
Furthermore, the report outlines some of the
initiatives that are likely to be implemented over
the coming years.
As part of the quality assurance and control
procedure for the corporate social responsibility
report, the 2021 report includes a statement by the
auditor.
Consequently, when investing pension assets
Industriens Pension has focus on combining the
overall target of a long-term return in real terms
of at least 2.5% per annum with sustainable
societal development.
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