Rapport om samfundsansvar 2022 godkendt 7. marts 2023 (eng) ny - Flipbook - Side 9
INDUSTRIENS PENSIONSFORSIKRING A/S
Municipality, which
sustainable homes.
includes
up
to
INVESTMENT IN A SUSTAINABLE FUTURE
650
The ambition is not only to obtain sustainability
certification for the project buildings, but for the
entire urban area.
The project is therefore implementing various
sustainability initiatives, e.g. establishing nature
conservation sites and promoting biodiversity as
well as initiatives to encourage residents to
choose healthy and climate-friendly transport.
Furthermore, the project provides a basis for
forming communities between the residents.
Another example is our investment in the new
headquarters of the biotech company Genmab
in Valby in 2022. Construction focused on a
number of sustainability initiatives such as
indoor climate, low energy consumption and a
renewable energy source in the form of
photovoltaic solar modules.
Innovative solutions in the private equity
portfolio
A considerable part of Industriens Pension's
portfolio consists of private equities, i.e.
investments in unlisted small and medium-sized
enterprises. This class of assets is interesting in
terms of sustainability because we have the
opportunity to invest in innovative sustainability
solutions that in some cases are still in the early
development phase.
Within innovative solutions for sustainable
agriculture, we have invested in two relatively
young companies.
One is Pivot Bio, an
American company producing fertilizer in the
form of sustainable nitrogen for agriculture. This
helps reduce the use of synthetic nitrogen,
which is both very energy-consuming to
produce and is quickly lost to the environment.
Furthermore, the production of sustainable
nitrogen is an example of how it is possible to
make sustainable development less dependent
on supply chains in individual regions.
The other company is CH4 Global, which has
developed a product based on seaweed that
minimises methane emissions from ruminants
when mixed into their feed.
Through private equity funds, we have also
invested in Green Group, one of Europe's largest
recycling companies. The aim of the company is
to contribute to a circular economy through
reuse and recycling of different types of waste.
The company operates in Eastern Europe where
there is a great need for more recycling
solutions.
EU regulation on sustainable investments
The financial sector is currently facing extensive
regulation with regard to sustainability in
investments. The EU Taxonomy Regulation,
which classifies sustainable investments, and
the Disclosure Regulation, which imposes
requirements
for
information
regarding
sustainable investments, are based on the
European Green Deal launched by the European
Commission in 2019. The Deal is a set of political
initiatives across sectors to pave the way for the
EU's green transition and climate neutrality by
2050, with a sub-target to reduce the EU's
carbon emissions by 55% in 2030.
Among other things, the Deal includes a plan for
sustainable finance entailing considerable
public as well as private investment in
sustainable development. This is where
institutional investors like Industriens Pension
can play an important role.
In connection with this sustainable finance plan,
the Commission has adopted a taxonomy; a
classification system designed to provide an
overview of the corporate activities that can
qualify as sustainable. Industriens Pension
expects that the Taxonomy will lead to a gradual
streamlining of reporting and calculation
methods in the area.
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,
besides
contributing
considerably to one or more environmental
objectives, an investment will do no significant
harm to any of the other environmental
objectives and furthermore will meet a number
of social minimum requirements.
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