Rapport om samfundsansvar 2022 godkendt 7. marts 2023 (eng) ny - Flipbook - Side 10
INDUSTRIENS PENSIONSFORSIKRING A/S
The EU has decided that financial undertakings,
such as Industriens Pension, that invest on
behalf of others must explain and document
whether
the
investments
promote
environmental or social conditions, and whether
they can be classified as sustainable. These
requirements originate from the so-called
Disclosure Regulation (SFDR).
This documentation is stated in Annexes 1 and 2
to this report, which include sustainabilityrelated information on Industriens Pension's
products (lifecycle and market rate). The
annexes state that the products are so-called
Article 8 products that promote environmental
and social characteristics. The annexes describe
what conditions the investments promote and
what indicators we use to measure the impact of
investments. For example, the climate footprint
and a number of indicators for whether the
investments live up to international conventions
in the social area.
Sustainability data under development
At Industriens Pension, we have applied a
prudence principle and decided not to classify
some of our investments as "sustainable". The
portfolio includes investments that contribute to
one or more environmental objectives and
thereby qualify as sustainable investments. For
example investments in renewable energy.
However, extensive documentation is necessary
in order to classify an investment as sustainable,
for example because it must be possible to
document that the investment will do no
significant harm to other environmental or social
goals.
Efforts to document sustainable investments are
still under development. The entire financial
sector is developing
INVESTMENT IN A SUSTAINABLE FUTURE
Annex on promoting
environmental and social
characteristics
A new regulatory framework from the EU
known as the Disclosure Regulation means
that, in future, Industriens Pension is required
to disclose to members sustainability
information related to the pension scheme.
Specifically, an annex must explain how the
pension product promotes environmental and
social characteristics. See Annexes 1 and 2 for
this information.
methods and data to measure sustainable
investments. Therefore, for a large part of our
portfolio, we still have not been able to
document whether or not the investments are
sustainable in accordance with the Taxonomy.
During 2022, we have put in place a data system
for our listed investments. There are still no
investments that in technical terms can be
classified as sustainable according to the
Taxonomy, because the largest non-financial
undertakings are not required to report on the
first two environmental objectives until 2023.
The requirement to report on the remaining four
environmental objectives will follow in 2024.
Small businesses will gradually have to meet the
reporting requirement towards 2026. It will
therefore take some years before the data is
complete. In 2023, we will continue our
extensive efforts to document sustainability in
the portfolio.
EU Taxonomy
New EU regulation in the form of a
classification system, a so-called taxonomy,
aims to provide more clarity and
transparency with regard to investments
being categorised as sustainable. In its final
form, the taxonomy will contain screening
criteria for a total of six climate and
environmental objectives: climate change
mitigation, climate change adaptation,
sustainable use and protection of water and
marine resources, transition to a circular
economy, pollution prevention and control,
and protection
and restoration
of
biodiversity and ecosystems. Moreover, it
must be possible to document that an
investment
–
besides
contributing
considerably to one or more environmental
objectives – will do no significant harm to
any of the other environmental objectives
and furthermore will meet a number of social
minimum requirements.
Read more about our work on responsible
investment and sustainability on our website
www.industrienspension.dk/ansvarliginvesterin
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