Investor collaborations and affiliations
At Velliv, we work with other investors to maximise our influence on companies and decision-makers, while ensuring that we ourselves follow best practice. We do so, for example, through membership of the IIGCC in the exercise of active ownership and affiliation to the Science Based Targets Initiative in efforts to support the green transition. You can read about the various initiatives Velliv takes part in below.
The UN Global Compact, which consists of 10 principles for doing business responsibly, serves as the primary framework for our corporate social responsibility efforts. The mission of the UN Global Compact is to mobilise a global movement of responsible businesses to create a better world. The principles provide a common ethical and political framework for corporate responsibility and are based on international conventions and agreements. These include the OECD Guidelines, the ILO conventions on labour rights, the UN Guiding Principles on Business and Human Rights and the Rio Declaration. We have joined the UN Global Compact and make continuous efforts to incorporate the ten principles into our business, including in connection with our investment activities.
Read more about the UN Global Compact here (Only in Danish).
We are a member of the UN-backed Principles for Responsible Investment (UN PRI), and work continuously to incorporate these six principles into our investment process and active ownership:
- We will incorporate ESG issues into investment analysis and decision-making processes.
- We will be active owners and incorporate ESG issues into our ownership policies and practices.
- We will seek appropriate disclosure on ESG issues by the entities in which we invest.
- We will promote acceptance and implementation of the principles within the investment industry.
- We will work together to enhance our effectiveness in implementing the principles.
- We will report on our activities and progress towards implementing the principles.
Read more about the principles here.
Climate Action 100+ is an investor-led initiative in which investors jointly enter into dialogue with the more than 160 most systemically important greenhouse gas emitters to persuade the world’s largest carbon emitters to take the necessary steps towards a green transition.
Read more about the investor collaborations here.
The initiative targets the world's largest companies in terms of CO2 emissions, second only to those of the Climate Action 100+ initiative. Investors join forces to engage in dialogue with more than 100 companies which are also major consumers of fossil fuels and thus essential for the green transition. The objective is for the companies to develop a transition plan and work credibly to contribute to the goals of the Paris Agreement.
Find more information about the initiative here.
CDP (formerly Carbon Disclosure Project) is an organisation that runs a global data and disclosure system for investors, among others, to analyse and manage their environmental impacts.
Through our membership of CDP, we focus on, among other things, availability of data on companies’ climate impacts. We need data to measure the footprint of our investment portfolio and identify areas in which there is need for improvement. Along with several hundred investors, we take part in CDP’s annual Non-Disclosure Campaign, in which we request companies to submit several sustainability-related disclosures. We also join other investors across the world in taking part in CDP’s annual Science-Based Targets Campaign and urge companies to set climate targets in accordance with the Paris Agreement.
Read more about CDP here.
Velliv is a member of IIGCC, which is a network of European institutional investors aimed at supporting and activating investors in their climate efforts. IIGCC pursues its goal to contribute to a low-carbon economy by engaging with investors, businesses and decision-makers in various areas.
Read more about the investor collaboration here.
We have joined the Paris Aligned Investment Initiative (PAII) as part of our climate strategy. PAII is a global collaboration between more than 50 investors with combined assets of about 10 times Denmark’s GDP. By joining, we commit to having a climate-neutral investment portfolio by 2050, i.e. a portfolio with net-zero carbon emissions. Along with other investors, we will strive to speed up the transition to a climate-neutral world and ensure carbon reductions in the economy, not just in our own portfolio.
Read more about PAII here.
SBTi is a globally recognised standard that ensures the scientific validation of the affiliated companies’ CO2e emissions reduction targets against the targets of the Paris Agreement. As a pension provider and long-term investor, positive change initiatives are essential for us to create long-term value for our customers and society. That is why we are committed to working ambitiously on climate action.
Read more about Velliv’s SBTi targets here.
The Finance for Biodiversity Pledge (FBP) is a group of financial institutions aimed at protecting and recreating biodiversity through active investments. By joining FBP, we aim to contribute to reversing the trend before it is too late. We do this along with other international institutions that put biodiversity at the top of their agenda. We will enter into dialogue with businesses, set clear objectives for biodiversity and report regularly on the progress we are making.
Read more about FBP here.