Topdanmark tightens requirements for investments and suppliers

19 February 2021

Topdanmark will fully anchor and integrate CSR into the core business and its business model. Therefore, again in 2020, Topdanmark has ensured further integration of sustainability throughout the value chain.

In future, Topdanmark will make even stricter demands on itself and the outside world.

Subcontractors will increasingly be assessed on, for example, their CO2 reduction and contribution to the UN’s ten sustainability principles (Global Compact). And a more systematic and consistent exclusion of climate-damaging industries is introduced when the money for customers’ pensions and insurance coverage is to be invested.

These are some of the main points in Topdanmark’s CSR report on corporate social responsibility that has just been published.

“Topdanmark supports sustainable and responsible development. Both when it comes to our investments, recycling of materials and when we repair instead of throwing out when repairing insurance claims. As Denmark’s second largest insurance company, we help our customers every year with approx. 300,000 damages, and therefore there is also a lot to gain from more sustainable purchases when we have to replace what was lost, just as we will in future make more demands on our suppliers to integrate sustainability throughout the value chain, “says CEO of Topdanmark Peter Hermann .

Greater focus on sustainability and CO2 emissions will now be a regular part of Topdanmark’s future tender processes, after being used in two supplier tender rounds in 2020.

Strengthened focus on accountability in investments

Topdanmark takes its own medicine, and in 2019 a goal was set to become CO2-neutral by 2030 with regard to the operation of buildings, company transport and air transport. In 2020, Topdanmark has reduced its C02 emissions by 15 per cent, i.a. due to much less company travel and fewer flights associated with Covid-19. In addition, initiatives have also been launched with a view to integrating climate and the environment throughout the value chain. This work will continue in 2021.

“The reduction in C02 emissions in 2020 is extraordinary due to Covid-19, but we will continue in 2021 to reduce driving through increased use of digital forms of cooperation and lay out a strategy for switching to low-emission cars, just as plans have been made for reducing CO2 emissions. emissions from the operation of buildings. We do not stop here, but look into how we can contribute to reducing our overall climate and environmental footprint, ”says Peter Hermann.

Source: Topdanmark
Multiple reports with cicle diagram and text

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