P+ rounds up investments for more than DKK 30 billion. DKK in fully or partially sustainable funds
27 March 2023
Since 2019, P+ has invested DKK 31.5 billion. DKK in funds that promote environmental and social characteristics. This appears from our Report on social responsibility 2022.
At P+, we work purposefully to ensure that the savings of our more than 110,000 members are invested responsibly. A large part of P+’s investments are made via funds, and here we prioritize investing in funds that contribute to increased sustainability and transparency in the portfolio whenever possible.
“At P+, we want to support sustainable development and take the lead in creating transparency about our investments. We set that ambition among other things action behind by continually increasing our investments in funds that have classified themselves as fully or partially sustainable according to the EU’s disclosure regulation, and which are thus subject to a number of information requirements about their impact on sustainability factors,” says Kirstine Lund Christiansen, head of responsible investments in P+.
At the end of 2022, P+’s investments in funds that have classified themselves as fully or partially sustainable amounted to a total of DKK 31.5 billion. DKK
More than every other new fund investment
When you calculate the new fund investments that P+ made in 2022, funds that have classified themselves as fully or partially sustainable account for more than half of all new fund investments. And according to Kirstine Lund Christiansen, the expectation is that this group will form an even larger proportion in the future.
“In 2022, funds that have classified themselves as either fully or partially sustainable accounted for 53 per cent. of our new fund investments. This is a large proportion considering that a significant part of our fund investments are located outside Europe and are therefore not classified according to the EU’s disclosure regulation. As a starting point, we prioritize funds that have classified themselves as fully or partially sustainable, and therefore we have a clear expectation that the figure will be even higher in the future,” she says.
Increased transparency across asset classes
An important aspect of the funds that have classified themselves as fully or partially sustainable is that they contribute to better data on e.g. alternative investments in e.g. infrastructure, properties and non-listed shares, where it is usually difficult to access sustainability data.
“As an investor, it is often difficult to get access to sustainability data on alternative investments. There are a number of information requirements associated with being classified as fully or partially sustainable. Therefore, the funds are an important contribution to our work to improve our data base in relation to sustainability and create transparency across the portfolio,” says Kirstine Lund Christiansen.
Source: P+
