Corporate social responsibility
Corporate social responsibility
Positive change
Sustainability and corporate social responsibility are an integral part of our daily operations and the way we run Velliv.
How Velliv is making a positive impact
At Velliv, we’re committed to addressing the significant changes facing our planet. We have set clear goals related to climate change and social, health and well-being issues. Our objectives are ambitious, and we’re happy to share our knowledge with the businesses we work with.
As a customer-owned, democratic pension company for 420.000 people, Velliv has special responsibilities and opportunities in relation to the society and world we operate in. As a customer of Velliv, you can be confident that we work to ensure surplus value for you – both humanly and economically.
A lifetime of financial security
Velliv creates financial security through responsible management of your pension assets, social safety nets such as income protection in case of unemployment or illness and personalised advice on pensions and insurance. Our core mission is to ensure that you’re optimally covered throughout life’s ups and downs, and that you can maintain your standard of living in retirement. We also care about the financial well-being of your loved ones.
As a significant player in the pension industry, we’re proud to be part of Denmark’s welfare system, working closely with public sector providers to offer comprehensive support. Together, public and private pension schemes form a vital safety net for many people – both in terms of prevention when misfortune or illness strikes, as well as financial security when working life comes to an end.
What our customers expect of us
We surveyed Velliv's customers about their views on sustainability and social responsibility, and what drives their choice of pension provider. Nearly half of all Danes expect their pension company to operate sustainably and responsibly.
Source: Advice for Velliv - survey of sustainability in the pension industry 2024
We drive change
There is a growing expectation that Velliv plays an active role in driving positive change in society and supports businesses in their ESG efforts.Der er en generel forventning om, at Velliv engagerer sig i bæredygtig udvikling og bidrager til løsningerne af virksomhedens bæredygtighedsudfordringer.
Responsibility and performance are intertwined
Responsible pension products are important - and will become even more so in the future. But returns will remain a key criterion Sustainable pension products are important - and will become even more so in the future - but returns on investment remain a crucial criterion for choosing a pension scheme.
Important to our customers
Companies prioritise the following ESG issues when selecting a pension provider: good corporate governance, diversity and climate change.
Working together for a better climate
Velliv supports the Paris Agreement with our overarching goal of being CO2 neutral in our own operations by 2030 and in our investment portfolio by 2050. Velliv invests our customers' pension savings with the aim of achieving the best possible long-term returns - while also ensuring resilience against market fluctuations, climate-related risks and other external factors.
We also want to help our customers and partners achieve their own climate goals, both as investors and as pension providers. Therefore, our climate goals are approved by the Science Based Targets initiative (SBTi).
Responsible investments
We believe that companies and investors who demonstrate responsibility and good corporate governance have a better foundation for generating attractive, long-term returns.
We’re working towards an investment portfolio that contributes more to sustainable changes and less to negative impacts on society and the climate, while also creating the best possible long-term returns. We do this primarily through active ownership, where we work to create positive changes through our ownership. We influence by integrating sustainability factors and risks, as well as exclusions in our investment products.
Democratic influence through customer ownership
Velliv is owned by its customers through Velliv Foreningen. This unique ownership structure is based on strong values that ensure everyone has the opportunity to make their influence count. Velliv Foreningen distributes surplus funds to its members and provides financial support to a wide range of projects that promote mental health in Denmark.
The foundation of a responsible company is that it operates responsibly. This is particularly important for Velliv as a financial actor in order to meet the expectations of our customers and surroundings. It's about both our own operations and our expectations towards partners and suppliers.
Stine Vestergaard
Chief Sustainability Specialist
We believe in good corporate governance
Our impact on society – and its impact on us
We're constantly aware that we have both a positive and a negative impact on our surroundings. Our approach to working with social responsibility and sustainability is based on an analysis of our impacts – a double materiality assessment.
The double materiality assessment is primarily a process that provides insight into Velliv's significant sustainability impacts related to people, climate, and environment, as well as business conduct in relation to our business activities. And secondly, insight into the significant sustainability risks and opportunities that affect Velliv's competitiveness and financial results - hence the term double materiality.