As part of the plans to lower the climate footprint from the investments, Industriens Pension is now introducing a new climate-related benchmark, which partly sets the direction for the foreign shares.
When the investment people behind Industriens Pension’s foreign shares have to measure their performance in the future, they will largely be assessed in relation to a completely new global climate-related share index. The new share benchmark has, among other things, focus on the companies’ climate transition, and this will in practice have a significant influence on Industriens Pension’s investments in foreign shares.
Industriens Pension currently has foreign listed shares worth almost DKK 60 billion. DKK. These investments will henceforth be measured partly against the newly established MSCI Climate Action Indexes and partly, as before, against the very broad index for global shares, MSCI ACWI.
By partially introducing a climate-related benchmark that, among other things, focuses on the companies’ restructuring process, Industriens Pension encourages the individual managers to focus even more on the companies’ transition and CO2 emissions. In practice, the benchmark that is measured against typically functions as a kind of framework for the investments.
“The new benchmark fits very well with our wishes to not only go after investments in sectors with low CO2 emissions, but also to focus on the difficult transition for companies with higher emissions. In this way, you can contribute to a real reduction of greenhouse gas emissions while at the same time that there is a full focus on creating good returns,” says Industriens Pension’s equity manager, Morten Rask Nymark.
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