Your pension savings with Danica aim to make a difference because we focus on influencing the companies you invest in to become more sustainable. This contributes to positive social development and also protects your pension funds and helps them grow.
We exercise active ownership in three ways
We are in dialogue with the executive management of companies
We vote at the general meetings of companies
We collaborate with other investors and organisations
Your pension is working for a better world
We invest on behalf of hundreds of thousands of our customers, and this puts us in a strong position to be able to influence companies to act more responsibly. Our voice is listened to because we represent a significant proportion of a company’s equities or bonds, which, for example, allows us to influence and support companies to move in a more sustainable direction.
Through dialogue we can:
discuss and minimise corporate sustainability risks, thereby helping to protect your investments
influence companies to address sustainability challenges and address problematic issues
gain more insight into the companies and use that knowledge to select the best possible investments
support companies in developing responsibly and contributing to the creation of a sustainable society
We take responsibility
We can most effectively contribute to creating positive changes by remaining invested in companies. Because we believe that this is the most responsible approach, we do not necessarily divest companies and turn our backs on them if challenges arise. Instead, we engage in constructive dialogue with the companies to exert pressure on them and help them resolve their challenges. We believe that this is the way to create real change and a more sustainable society.
Exclusion as a last resort
It may take time for companies to improve – and we support them in the long term through active dialogue. If we assess that a company is not sufficiently improving over time, and if we see no further means of exerting pressure on company management, we may choose to exclude that specific company and put it on our exclusion list.
Using our voting rights at general meetings
When we invest your pension savings, we have the opportunity to vote at the general meetings of companies. We exercise this right in order to ensure that the companies take sustainability issues into consideration and minimise their negative impact on society. On our voting platform/Proxy Voting Dashboard, we disclose how we vote on proposals at general meetings. Visit the platformen.
Voting guidelines and policies
Our voting guidelines direct how we vote on proposals at general meetings. The overall guiding principle behind how we vote is to improve and protect your pension. The guidelines address, for example, how we vote on financial matters, capital structure and shareholders’ rights. There are also a number of guiding principles for how we vote on sustainability issues, including
CO2 emissions, energy efficiency, gender diversity, use of renewable energy, biodiversity, water and sanitation, worker and human rights, child labour, and anti-corruption.
Danica is member of a number of investor organisations and investor initiatives. Through such membership, we aim to contribute to the development of responsible investments and to promote transparency and sustainability standards in companies and in the financial markets.
By collaborating with other investors, we can influence companies and contribute to positive change even more. In this way, your pension savings will help put additional pressure on companies to reduce their climate impact or to respect human rights, for example.
We work with:
Our Responsible Investment Policy is aligned with the UN Principles for Responsible Investment (UN PRI), which is a
UN-supported member organisation that works to understand how environmental, social and good corporate governance
(ESG) ESG factors affect investment. The organisation supports members in working with sustainability in their
investment and active ownership activities. Danica has signed up to the UN PRI’s six principles for
responsible investments, and we report annually to the UN PRI on our processes and our progress in implementing the
six principles into our investments.
Until 2020, we have reported to the UN PRI through Danske Bank, and you can see their reports here. In future, we
will report to UN PRI independently.
We are a member of the Net-Zero Asset Owner Alliance as part of our ambition to have carbon neutral investments by 2050. The alliance was launched in 2019 and is supported by the UN Environment Programme (UNEP), the UN’s principles for responsible investments (UN PRI) and the WWF.
Climate Action 100+ is a large investor-led initiative that engages companies in dialogue relating to the climate agenda. Together with more than 500 global investors, we are in dialogue with the companies that have the highest levels of CO2 emissions worldwide. The purpose of this is to make these companies reduce their climate impact in accordance with the climate objectives of the Paris Agreement and to improve their reporting on CO2 emissions. The association is in dialogue with companies in the oil and gas industries, the supply and mining sectors, the transportation sector, industrial companies and the consumer sector.
We are a member of the Task Force on Climate-related Financial Disclosures (TCFD) initiative, which develops ways for companies to report their climate-related financial risks to investors, lenders and other stakeholders. We believe that the TCFD’s recommendations help companies to understand the information needs of financial businesses so that these businesses can respond to potential climate-related financial risks. At the same time, the initiative encourages companies to report climate-related issues that align with the needs of investors. We encourage companies to report on climate-related risks in accordance with the TCFD recommendations. We believe this will help companies to take the correct green steps and create future-proof businesses.
The organisation encourages companies and cities to publish details of their climate impact, with the primary objective of reducing greenhouse gas emissions from companies and mitigating the consequences of climate change. By collecting and sharing information on greenhouse gas emissions and climate strategies, the organisation enables investors to mitigate climate-related risks in investments.
Through Danske Bank, Danica is a member of the Partnership for Carbon Accounting Financials, which is a global partnership for financial institutions. The purpose of the collaboration is to develop and implement a standard for analysing and reporting greenhouse gas emissions from investments and lending.
The institutional Investors Group on Climate Change (IIGCC) focuses on reducing climate change. The alliance has more than 250 members, and its mission is to mobilise capital for the green transition and to contribute to creating a robust society that can manage climate change. This is achieved through cooperating with companies, politicians, investors and other stakeholders. The IIGCC contributes to creating regulation, investment practices and company strategies that address the long-term risks and opportunities associated with climate change.
We work with the Sustainability Accounting Standards Board (SASB) to apply the board’s knowledge of and competencies in analysing business-critical ESG factors. The SASB’s ambition is to help companies identify, manage and report on the ESG factors that are most important to investors. We encourage companies to use the SASB’s reporting method because this will enable investors to compare their ESG performance against each other. Being able to make such comparisons increases transparency about key ESG issues, which strengthens the ability of investors to manage sustainability risks and to include ESG criteria in investment decisions.
We are a member of Dansif, which works to promote information, debate and knowledge-sharing in the field of responsible investments and which also contributes relevant data in this area. Through the Danske Bank Group, Danica is a member of Dansif, which has partner organisations worldwide.
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