At Danica Pension, we always strive to keep you informed about how we work with sustainability and responsibility in your investments. Below, you can read our policies in this area and learn more about our documents and reports on responsible investments and sustainability.
Our work with responsible investments covers all pension products and is based on international conventions and principles related to social responsibility. These include, among others, the recommendations of the Danish Committee on Corporate Governance, the UN Principles for Responsible Investment (UN PRI), the Global Compact, and the OECD Guidelines for Multinational Enterprises.
Read the Responsible Investment Policy
Read investment strategy for listed equities 2020 (in Danish only)
Tax and investments are an integrated focus area for Danica Pension’s work with social responsibility and sustainability. A specific example is relates to investments on the EU’s tax haven blacklist, officially called the EU list of non-cooperative tax jurisdictions. Danica Pension will not continue to make new illiquid investments through countries on the EU’s tax haven blacklists. This applies for as long as the country in question is on the list.
Our Tax Principles on Investments describe our approach to tax and expectations for the companies and funds we invest in. The principles can be viewed here.
Active ownership report H1 2022
Active ownership report H1 2021
See how we vote at general meetings
We have joined the Danish Committee on Corporate Governance (Komitéen for God Selskabsledelse) and report annually on our work with active ownership.
We are a member of the UN-supported organisation Principles for Responsible Investments, and we have signed their six principles for investing responsibly. They assess our approach and results on an annual basis.
We welcome the Taxonomy and support the EU's ambition to re-orient investments towards environmentally sustainable economic activities. We comply with the obligation under the EU Taxonomy Regulation to report on the proportion of our assets with exposures to taxonomy eligible and non-taxonomy eligible activities.
As part of the Danske Bank Group, Danica Pension is a member of the Task Force on Climate-related Financial Disclosures (TCFD) because we want to be transparent about how we are working with the climate agenda. Our climate report follows the recommendations of the TCFD and explains how we manage climate-related risks, how we work to reduce the CO2 footprint of our investments, and how we work towards investing in line with the climate targets of the Paris Agreement.
We invest in equities and bonds worldwide to spread investment risks and to generate robust and long-term returns.
See our equity and bond investments
We have investment restrictions on thermal coal, tar sands, peat, controversial weapons, tobacco, norms, and governments bonds, which means that we refrain from investing in specific companies and countries.
The EU Sustainable Finance Disclosure Regulation (SFDR) is a regulation aimed at increasing the transparency and comparability of how, for example, pension funds integrate sustainability into investment processes and investment solutions. Below, you can find the various documents for our investment solutions.
Danica Balance and Danica Balance Responsible Choice
Both investment options promote environmental and/or social characteristics and ensure good governance practices. This means that they comply with the disclosure requirements under Article 8 of the EU Sustainable Finance Disclosure Regulation.
In the terms and conditions of the investment methods, you can for example read more about the overall sustainability focus of the investment methods, how they promote environmental and/or social characteristics, and how sustainability risks are taken into consideration alongside other relevant risks in the selection of the underlying investments. Please find the document here (in Danish only).
In the document ‘Tillæg om bæredygtighedsforhold i Danica Balance’, which is a supplement to the investment methods’ terms and conditions, you can find more details about the specific sustainability focus and metrics of the investment methods. Among other things, this document details the proportion of sustainable investments, the criteria for exclusion of companies and how the methods focus on selecting investments with sound sustainability practices. Please find the document here (in Danish only).
In the document Website Disclosure – Danica Balance, you can find further information about how the investment methods promote environmental and/or social characteristics and how this is continuously monitored and analysed. Please find the document here (in Danish only).
Danica Link
Danica Link is covered by Article 8 of EU Regulation 2019/2088 on sustainability‐related disclosures in the financial services sector (the SFDR), and we are therefore under obligation to provide information about how Danica Link promotes environmental and/or social characteristics and ensures good governance practices. You can find this information in the terms and conditions for Danica Link, available here (in Danish inly).
Danica Select
Danica Select is covered by Article 6 of EU Regulation 2019/2088 on sustainability‐related disclosures in the financial services sector (the SFDR). In the establishment of the investment options in Danica Select, Danica Pension does not seek to promote environmental and/or social characteristics. You can find information about this in the terms and conditions for Danica Select here (in Danish only).
Danica Balance FlexOpsparing and Danica Balance FlexOpsparing Responsible Choice
Danica Balance FlexOpsparing and Danica Balance FlexOpsparing Responsible Choice promote environmental and/or social characteristics and ensure good governance practices. This means that they comply with the disclosure requirements under Article 8 of the EU Sustainable Finance Disclosure Regulation.
In the terms and conditions, you can for example read more about the overall sustainability focus of the investment methods, how they promote environmental and/or social characteristics, and how sustainability risks are taken into consideration alongside other relevant risks in the selection of the underlying investments. Please find the document here (in Danish only).
In the document ‘Tillæg om bæredygtighedsforhold i Danica Balance FlexOpsparing’, which is a supplement to the investment methods’ terms and conditions, you can find more details about the specific sustainability focus and metrics of the investment methods. Among other things, this document details the proportion of sustainable investments, the criteria for exclusion of companies and how the methods focus on selecting investments with sound sustainability practices. Please find the document here (in Danish only).
In the document Website Disclosure – Danica Balance FlexOpsparing, you can find further information about how the methods promote environmental and/or social characteristics and how this is continuously monitored and analysed. Please find the document here (in Danish only).
