All pension savings in P+ are subject to a high level of responsible investments, and our policy for responsible investments apply across all assets classes. And so do our ambitious climate targets. However, some members want their pension savings invested with an even higher focus on responsibility than what our standard product offers. 

Accordingly, P+ has as the first labour market pension fund introduced an investment profile with an extra strong focus on sustainability in the form of P+ Sustainable. 

Even stronger focus on sustainability

With P+ Sustainable, we focus even stronger on human and labour rights, the environment, biodiversity, the climate, responsible tax and governance. 

P+ Sustainable contains more climate-friendly investments. And the target is to make your pension carbon neutral already in 2030. We are generally less patient with our active ownership, and we completely deselect a number of companies and sectors. This applies a.i. to weapons, tobacco, alchohol and fossil fuels.

A part of P+ Life cycle

P+ Sustainable is technically an investment profile under P+ Life cycle. This implies that the insurances are equal to the ones under P+ Life cycle. It also implies that P+ Sustainable offers 3 risk levels in the form of high, middle and low, just as P+ Life cycle.

P+ Sustainable is a market rate product that adjusts your risk according to your retirement age. This implies that you take a higher risk when you are young, and that the risk is gradually reduced as you approach your retirement age. This way you can expect a higher return in the first years of your savings period. At the same time, you will experience less fluctuations as you approach the age when you start using your savings. 

Read more about P+ Life cycle here

Comparable expectations to risk, costs and return

Today the investments in infrastructure, real estate and unlisted shares are the same in P+ Life cycle and P+ Sustainable. However, we are working towards P+ Sustainable eventually having a separate portfolio of these so-called alternative investments. 

Above all, the two portfolios differ from one another with regard to listed shares. When we place severe demands on sustainability requirements, we deselect some investments. P+ Life cycle contains approx. 2,500 shares, and P+ Sustainable only contains approx. 500 specifically chosen shares.   

All in all, it is our expectation that both risk, costs and return in P+ Sustainable will be at the same level as P+ Life cycle in the long term. The increased focus on sustainability does however imply that we may see different fluctuations in the return for P+ Sustainable.