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ESG key figures

PensionDanmark has decided to publish a list of ESG key figures (Environment, Social and Governance), calculated according to the guidelines published by FSR – Danish Auditors, Nasdaq and the Danish Finance Society in June 2019. In order to give credence to these ESG key figures, we have also included them in our independent auditor’s report as the first pension provider in Denmark.

Environmental data

Environmental data Unit Target
2025		 2020 2019 2018 2017 2016
CO2e emissions fom company:              
CO2e, scope 11 Tonnes 20,3 42 79 - - -
CO2e-scope 2 (marked based) Tonnes 61,5 56 66 448 489 563
CO2e-scope 2 (local based) Tonnes - 386 412 448 489 563
Energy consumption (Scope 1 + Scope 2)2 Gigajoules - 7.247 8.458 7.634 7.659 7.262
Renewable energy share (Scope 2)2 % - 78,2 73,3 42,7 40,1 35,7
CO2e, Scope 3, estimated              
C1: Purchased goods and services1 Tonnes - 8,1 11,8 - - -
C5: Waste1 Tonnes - 1,1 1,2 - - -
C6: Business travel1 Tonnes - 23,4 62,3 - - -
C15: Investments3 Tonnes - 886.894 861.219 540.980 575.430 -
               
CO2e emissions from listed equity portfolio4:              
Total emissions Tonnes - 529.224 536.994 540.980 575.430 -
CO2e footprint Tonnes/EURm < 47.0 47,0 62,6 94,3 85,4 -
CO2e intensity Tonnes/EURm  <134.0 141,0 153,9 166,9 167,5 -
Weighted average carbon intensity Tonnes/EURm  <134.0 144,8 137,3 165,2 163,0 -
               
CO2e emissions from corporate bond portfolio1:              
Total emissions Tonnes - 306.622 266.332 - - -
CO2e footprint Tonnes/EURm <112.0 128,5 127,5 - - -
CO2e footprint, excl. emisisons from green bonds Tonnes/EURm <97.0  114,9 117,7 - - -
               
CO2e emissions private equity portfolio1:              
Total emissions Tonnes - 40.896 47.863 - - -
CO2e footprint Tonnes/EURm  <30.0 30,8 43,7 - - -
               
CO2e emissions from real estate portfolio1:              
Total emissions Tonnes - 10.152 10.031 - - -
CO2e footprint Tonnes/EURm  <2.60 3,46 3,44 - - -
CO2e intensity kg/sqm  < 8.0 11,6 11,8 - - -
               
Total CO2e footprint of listed equity, corporate bonds and real estate Tonnes/EURm <48.05 51,0 59,9 - - -
Total CO2e footprint of listed equity, corporate bonds and real estate, excl. emissions from green bonds Tonnes/EURm <47.05 49,0 58,4 - - -
Total CO2e footprint of investment portfolio3 Tonnes/EURm - 49,5 58,7 94,3 85,4  
               
Ownership of green infrastructure, capacity2: MW 1.300 1.108 961 - - -
Avoided emisisons from ownership of green infrastructure, estimated 2,6 Tonnes of CO2 >2,000,000  1.902.220 2.297.000 - - -
               
Other company-related environmental data:              
Water consumption m3 2.363 2.552 3.150 3.040 2.952 3.586

Social data

Social data Unit Target
2025		 2020 2019 2018 2017 2016
Full-time staff FTE - 291 261 246 224 188
Gender diversity % 50,0 43,7 44,0 43,3 46,5 47,8
Gender diversity, other management tiers % 50,0 44,3 45,2 41,6 41,4 33,0
Gender pay gap Times - 1,3 1,3 1,4 1,4 1,4
Staff turnover % - 12,0 15,7 17,9 18,8 20,8
Sickness absence Days/FTE 4,5 4,7 6,6 7,0 9,7 9,1
Taxes paid DKKm - 3.565 298 2.826 1.741 1.631

Governance data

Governance data Unit Target
2025		 2020 2019 2018 2017 2016
Gender diversity, Board of Directors (17 members) % 20,0 23,5 23,5 18,8 23,5 25,0
Board meeting attendance % 95 85 82 88 85 91
Salary gap between CEO and employees Times - 8,7 8,6 8,5 8,5 8,6
  1. Data was not available for the computation of ratios for 2016-2018
  2. Energy consumption and renewable energy share are calculated based on scope 2 market-based.
  3. Data was not available for the computation of ratios for 2016. 2017 and 2018 only include ratios for the listed equity portfolio.
  4. Data was not available for the computation of ratios for 2016.
  5. Asset Owner Alliance targets for 2024.
  6. Based on displacement of fossil fuels in the year of installation of individual projects, CO2 reductions calculate at 3.441.140 tonnes for 2020.

For more information and definitions, see ESG key figures definitions.