When you invest with Danica Pension, you do not invest in all types of businesses or countries. For companies, we have exclusions within coal, tar sands, controversial weapons, norms, and tobacco. We also exclude countries that are on sanction lists and based on a number of sustainability criteria.

The exclusions are applied to Danica Balance, Danica Tidspension, Danica Traditionel* and the funds in Danica Link , which we manage ourselves. Investment funds in Danica Link and Danica Select that are managed by other investment management companies, such as Fidelity or Schroders, may have other restrictions than ours. Danica Balance Responsible Choice includes additional restrictions.

*Exclusions apply to direct investments in equities and bonds. In order to ensure optimal management of risk and of the investment portfolio, derivatives based on equity index are occasionally used, which can lead to an indirect exposure to companies on the restriction list. Equity derivatives are not used in Danica Balance Responsible Choice.