IconResponsible investments 

Sustainability-related disclosures

P+ takes adverse sustainability impacts and sustainability risks into account and contributes to promoting environmental and social characteristics.

It is P+'s objective to generate the highest possible return for our members and at the same time be a responsible investor. The pension fund's work with responsible investments levels with the pension fund's policy for responsible investments and policy for active ownership which outline that P+ must:

1) consider adverse impact on sustainability factors meaning adverse impact from the pension fund's investments on environmental, social and governance matters. 

2) consider sustainability risk meaning financial risks related to environmental, social and governance matters which may have substantial adverse impact on the value of the pension fund's investments. 

Based on EU requirements about sustainability-related disclosure for the financial sector, you can in below documents read about P+'s work with sustainability risks and adverse sustainability impact, as well as how P+'s investments contribute to promoting environmental and social characteristics.

Sustainability risks are an integrated part of P+'s decision-making process for investments. The overall framework for the work is described in the policy for responsible investments which you can find here (only available in Danish)

You can find sustainability-related disclosures about the products here (only available in Danish).

 

You can find pre-contractual disclosures about the products here (only available in Danish).

 

You can find periodic disclosures about the products here (only available in Danish).

You can find sustainability-related disclosures about the products here (only available in Danish).

 

You can find pre-contractual disclosures about the products here (only available in Danish).

 

You can find periodic disclosures about the products here (only available in Danish).

P+ Grundlag serves to cover pension commitments, and the investment strategy is only comprised of investments in bonds, specially secured loans as well as credit investments with a high level of security and derivatives for interest hedging purposes.   

 

According to the EU Sustainable Financial Disclosure Regulation, P+ Grundlag is not a product which promotes environmental or social characteristics or aims at sustainable investing.

 

According to the EU Taxonomy Regulation the following declaration applies to P+ Grundlag: The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities.

 

Sustainability risks are integrated in investment decisions
P+'s assessment of sustainability risks is integrated in processes, risk management and investment decision-making in line with other types of risks. A sustainability risk is an environmental, social or management incident or circumstance which, if it occurs, chould have actual or potential substantial adverse impact on the value of an investment. 

 

P+'s decision-making process related to potential new investments (due diligence) includes an assessment of sustainability risks which may have a substantial adverse impact on the value of the investments. 

 

As part of the pension fund's risk management, investments that are already made are monitored, among other things to identify new potential or actual sustainability risks. If such risks are identified, P+ assesses the materiality of the risks as well as the likelihood of adverse impact on the investment's value and uses the possibilities for action which are relevant to the investment type in question. Currently, it is not possible to quantitatively map the likely impacts of sustainability risks on the product's return. 

You can read P+'s pay policy, which was adopted by the pension fund's Annual General Meeting on 7 April 2022, here

As part of the compulsory PAI (Principal Adverse Impact) statement, P+ assesses annually its investment decisions' principal adverse impacts on sustainability factors. In the statement, P+ reports on 18 compulsory and 2 optional sustainability factors within climate, biodiversity, environment, human rights, employee matters and anti-corruption. The statement also describes the precautionary measures that P+ has taken or planned as a respond to the adverse impacts. 

 

Read more here