Rapport om samfundsansvar 2022 godkendt 7. marts 2023 (eng) ny - Flipbook - Side 19
INDUSTRIENS PENSIONSFORSIKRING A/S
POLICIES FOR CALCULATING ESG METRICS AND KEY FIGURES
Policies for calculating ESG
metrics and key figures
Policies
The list of ESG metrics includes the figures
requested by the Danish Insurance Association
in its recommendations on climate partnership
reporting, supplemented by the ESG metrics
requested in the guidance on "ESG key figures
in the annual report" issued by FSR Danish
Auditors, Nasdaq and the CFA Society Denmark.
which the total portfolio of investment assets is
matched with environmental data from ISS to the
extent that such data is available.
Data is not yet available for the entire portfolio
of Industriens Pension, and, consequently, in the
coming years, there will be focus on securing
better coverage in relation to the company's
current portfolio.
The principles for calculating individual metrics
are described below. When data is available for
previous periods, comparative figures have
been stated. In the course of 2022, additional
work has been conducted to collect data that
provides a more comprehensive basis for the
calculation.
Dialogue
The calculation includes activities relating to
IndustriPension Holding A/S, Industriens
Pensionsforsikring A/S, Industriens Pension
Service A/S, and to activities at the companies'
addresses.
The calculation of the number of dialogues
includes situations in which we have
approached a company to discuss one or more
issues, and where, subsequently, we received
valid responses or explanations. All dialogues
are through Federated Hermes.
Carbon footprint from investments
The company's own emissions
Carbon emissions from investments (calculated
in tonnes) and the carbon footprint from
investments (calculated in tonnes/DKK mill.) are
determined on the basis of data from
Institutional Shareholder Services (ISS), while
the calculations have been outsourced to Forca
A/S. Industriens Pension has set up a solution in
When calculating carbon emissions from
Industriens Pension's own activities, a
subdivision is made into underlying groups
depending on the source of the emissions.
Currently, the figure can only be calculated for
Industriens Pension's listed investment assets,
excluding government bonds, and therefore this
is the figure shown in the report.
Scope 1
Direct emissions from own vehicles, calculated
on the basis of the estimated job-related number
of km driven and the emission factors of the
vehicles.
Scope 2
Emissions of electricity and district heating
purchased from energy producers. The
emissions calculations are based on data
collected via meter readings and the most
recently published emission factors stated by
the energy companies. Industriens Pension only
operates in Denmark and applies a marketbased method to calculate emissions.
Industriens Pension has entered into an
agreement to purchase green electricity, and
consequently,
emissions
from
power
consumption are included at 0.
Scope 3
According to the Greenhouse Gas Protocol,
scope 3 carbon emissions are divided into 15
categories. Industriens Pension does not
disclose information for all categories, either
because the data is insufficient, or because the
category is irrelevant in relation to Industriens
Pension's activities.
The calculation therefore includes carbon
emissions from:
•
•
•
•
Paper consumption (C1: Purchased goods
and services)
Water (C5: Waste generated in operations)
Business travel in employees' own cars and
air travel (C6: Business travel)
Transport of letters (C9: Downstream
transportation and distribution).
Emissions from paper consumption are
calculated on the basis of the consumption and
the emission factors stated by the suppliers.
Emissions from water are based on data
collected via meter readings and the most
recently published emission factors.
Emissions from employees driving in their own
cars are based on the number of km driven and
the emissions from the cars.
Emissions from air travel are based on
calculations directly from Industriens Pension's
travel agent. The emissions are based on
DEFRA's emission factors, including Radiative
Forcing, i.e. the calculation includes the total
atmospheric climate impact, and not just the
carbon impact.
Emissions from transport of letters are based on
the estimated number of letters sent and the
carbon emission factors from the Post Nord
environmental calculator.
Energy consumption
Calculated as the fuel type consumed plus
electricity consumed, including the renewable
share.
Renewable share
Calculated as the share of energy consumption
that is renewable divided by the total energy
consumption.
Water consumption
The key figure for water consumption only
includes the company's owner-occupied
property, as no data is available from rented
premises.
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