Sustainability-related disclosures

At Velliv, corporate social responsibility and sustainability form an integral part of our business strategy, and we work actively on the sustainability risks that are a natural consequence of our activities. Based on a new EU regulatory framework – the Disclosure Regulation – sustainability information for Velliv’s investment activities is described below.

Integration of sustainability risks

At Velliv, we work actively on the sustainability risks that are a natural consequence of our activities. Velliv’s way of working with sustainability risks is set out in the responsible investment and engagement policy.

Sustainability risks are integrated into Velliv’s investment decisions and form an integral part of the investment strategy.

Insufficient integration of sustainability risks by Velliv’s portfolio companies could potentially pose a risk to investment returns. Velliv’s investments are therefore continuously monitored, as are the partners who invest on Velliv’s behalf. The integration of sustainability risks is described in more detail in the policy. 

Statement on principal adverse impacts of investment decisions on sustainability factors

Nearly all economic activities may potentially have adverse sustainability impacts. At Velliv, we seek to minimise the principal potential adverse impacts our investments may have on sustainability factors such as climate, environmental and social factors.

We do this by continuously monitoring our investments, screening them for potential adverse impacts on the world we live in. The screening is based on international conventions and principles of corporate social responsibility, as well as established standards for coal and oil sands, for example.

Responsible engagement (active ownership) is an important element of Velliv’s responsible investment work. The aim of responsible engagement (active ownership) is to promote the long-term value creation in the companies we invest in, to the benefit of our customers – and promote environmental and social concerns. This means that if a company does not comply with Velliv’s established standards we, often along with other investors, attempt to influence the company to amend its behaviour.

Based on the results of our screening, Velliv can make enquiries and request an explanation/report from companies involved in serious controversies regarding issues with an adverse impact on sustainability. Part of this dialogue can also take place through the asset manager investing on Velliv’s behalf. If the dialogue does not produce noticeable results in the way the companies act, it may ultimately lead to exclusion from Velliv’s investment universe. Velliv additionally exercises responsible engagement (active ownership) by voting at the annual general meetings of the companies we invest in.

We are also in continuous dialogue with our external asset managers to understand and minimise risks in our investments, including sustainability risks, and to take maximum account of the environment and society. Some of our monitoring of the asset managers takes place through regular follow-up and checks on the asset managers’ management of ESG-related risks, compliance with Velliv’s exclusion risk, exercise of responsible engagement, etc.

We publish an exclusion list of the companies we have deselected as an investment option. The exclusion list is published on our website.

At Velliv we are attentive to the carbon footprint of our investments, and we wish to minimise the adverse impact of the carbon emissions of our investments on the climate and the environment. We regularly report on the carbon footprint of the portfolio, which is included in the VækstPension Aftryk product as well as in Velliv’s listed portfolio for the other pension products. See more in Velliv’s climate report here.

As the underlying data develops, we will also report on a range of additional indicators of the adverse sustainability impacts our investments may have. Find out more about our work on responsible engagement work here

Velliv’s responsible investment and engagement policy describes Velliv’s approach to managing any potential adverse sustainability impacts of our investment activities.

Products with sustainability characteristics

Our objective in Velliv is to produce optimum return, taking maximum account of the environment and society when investing on behalf of our customers. This philosophy is also crucial to our savings products VækstPension Aftryk, VækstPension Aktiv and VækstPension Index, which all promote environmental and social characteristics, but the objectives of which are not sustainable investment. The products are categorised as Article 8 products in the EU Disclosure Regulation.

Read more about the characteristics of the three products and their underlying investment strategies in the following documents: 

Bæredygtighedsoplysninger

The information is presented in accordance with current rules, which are set out in the EU Disclosure Regulation (EU 2019/2088).