Environmental data

Environmental data Unit Target 2025 2021 2020 2019 2018 2017
CO2e emissions from company:              
CO2, scope 1¹ Tonnes 20.3 45 42 79 - -
   Including transportation by zero-emission cars %   4.2 5.6 5.9 - -
   Including transportation by low-emission cars %   8.2 4.8 3.6 - -
CO2e, scope 2 (market-based) Tonnes 61.5 71 56 66 448 489
CO2e, scope 2 (location-based) Tonnes   455 386 412 448 489
               
Energy consumption (scope 1 + scope 2)² GJ   9,154 7,247 8,458 7,634 7,659
               
Renewable energy share (scope 2) %   82.2 78.2 73.3 42.7 40.1
Purchased¹ %   78.5 73.4 69.1 - -
Self-produced¹ %   3.7 4.8 7.2 - -
Energy consumption GJ   9,154 7,247 8,458 7,634 7,659
               
CO2e, scope 3, estimated              
C1: Purchased goods and services¹ Tonnes   6,674 6,229 5,42 - -
C5: Waste¹ Tonnes   1.2 1.1 1.2 - -
C6: Business travel¹ Tonnes   15.2 44.2 117.6 - -
C7: Employee commuting³ Tonnes   132.7 121.2 - - -
C15: Investments Tonnes of CO2e   1,558,168 1,099,284 966,996 540,98 575,43
CO2e, scope 3, total Tonnes   1,564,992 1,105,680 972,535 540,98 575,43
               
Other company-related environmental data:              
Water consumption 2,363 2,769 2,552 3,15 3,04 2,952
  1. Data were not available for the computation of ratios for 2017-2018. 
  2. Energy consumption and renewable energy share are calculated based on scope 2 market-based.
  3. Data were not available for the computation of ratios for 2017-2019.

Environmental data - Investments

Environmental data – carbon footprint of investments: Unit Target 2025 2021 2020 2019 2018 2017
CO2 emissions from listed equity portfolio:              
    Total emissions Tonnes of CO2e    727,64 529,224 536,994 540,98 575,43
    CO2 footprint Tonnes/EURm  <47.0 51.2 47.0 62.6 94.3 85.4
    CO2 intensity Tonnes/EURm   148.8 141.0 153.9 166.9 167.5
Weighted average carbon intensity Tonnes/EURm   137.9 144.8 137.3 165,2 163.0
               
CO2 emissions from corporate bond portfolio¹:              
    Total emissions Tonnes of CO2e    551,281 428,185 372,108 - -
    CO2 footprint  Tonnes/EURm <154.0 168.5 179.8 178.3 - -
    CO2 footprint, excl. green bonds  Tonnes/EURm <134.0 156.1 165.6 170.8 - -
               
CO2 emissions from private equity portfolio¹:              
    Total emissions Tonnes of CO2e    57,096 40,896 47,863 - -
    CO2 footprint  Tonnes/EURm <30.0 27.3 30.8 43.7 - -
               
CO2 emissions from private debt portfolio²:               
    Total emissions Tonnes of CO2e    92,263 90,827 - - -
    CO2 footprint Tonnes/EURm < 48.0 54.5 68.6 - - -
               
CO2 emissions from infrastructure portfolio³:              
    Total emissions Tonnes of CO2e    121,968 - - - -
    CO2 footprint Tonnes/EURm <67.0 78.4 - - - -
               
CO2 emissions from real estate portfolio¹:              
    Total emissions Tonnes of CO2e    7,920 10,152 10,031 - -
    CO2 footprint  Tonnes/EURm <2.6 2.2 3.46 3.44 - -
    CO2 intensity kg/sqm   < 8.0 8.9 11.6 11.8 - -
               
Total CO2 footprint of equities and corporate bonds  Tonnes/EURm <66.04 73.1 70.1 85.0 - -
               
Total CO2 footprint of equities and corporate bonds, excl. emissions from green bonds Tonnes/EURm <64.04 70.9 67.9 83.6 - -
               
Total CO2 footprint of investment portfolio Tonnes/EURm   58.9 57.4 65.6 94.0 85.0
               
Ownership of green infrastructure, capacity1: MW  1,300 893 1,108 961 - -
Avoided CO2 emissions from ownership of green infrastructure, estimated1 Tonnes of CO2  >2,000,000 1,511,358 1,902,220   2,297,000 - -
  1. Data were not available for the computation of ratios for 2017-2018.
  2. Data were not available for the computation of ratios for 2017-2019.
  3. Data were not available for the computation of ratios for 2017-2020.
  4. Asset Owner Alliance goals relating to 2024. 

Social data

Social data Unit Target 2025 2021 2020 2019 2018 2017
Full-time staff FTE   321 291 261 246 224
Gender diversity % 50.0 43.8 43.7 44.0 43.3 46.5
Gender diversity, other management tiers % 50.0 43.9 44.3 45.2 41.6 41.4
Gender pay gap Times   1.3 1.3 1.3 1.4 1.4
Staff turnover %   18.1 12.0 15.7 17.9 18.8
Sickness absence Days/FTE 4.5 6.8 4.7 6.6 7.0 9.7
Taxes paid DKKm   2,362 3,565 298 2,826 1,741

Governance data

Governance data Unit Target 2025 2021 2020 2019 2018 2017
Gender diversity, Board of Directors (17 members) % 30.0 27.8 23.5 23.5 18.8 23.5
Board meeting attendance % 95.0 95.0 85.0 82.0 88.0 85.0
Salary gap between CEO and employees Times   8.9 8.7 8.6 8.5 8.5

Climate reporting

Active commitment to climate action Unit 2021 2020 2019 2018 2017
Active ownership1            
Climate change dialogues Number 240 190 134 108 111
Total dialogues Number 686 632 488 436 556
             
Properties aligned with EU sustainability criteria2,6            
Existing buildings % 32.2 - - - -
New buildings (until commencement of use) % 100.0 - - - -
Total real estate portfolio % 38.6 - - - -
             
Sustainability certified properties            
Existing buildings % 20.0 17.8 19.6 18.4 18.4
New buildings (until commencement of use)3 % 97.1 89.4 100.0 87.5 85.3
             
Sustainability of business models2            
Investments aligned with EU sustainability criteria            
    Equity portfolio4 % 5.6 - - - -
    Corporate bonds5 % 7.9 - - - -
    Real estate portfolio6 % 38.6 - - - -
    Infrastructure7 % 54.0 - - - -
  1. A response must have been received to the company’s inquiry to qualify as dialogue.
  2. Data were not available for the computation of ratios for 2017-2020. 
  3. The assessment of whether PensionDanmark’s new buildings are sustainability is based on pre-certifications.
  4. Aligned with the EU taxonomy, in terms of revenue, according to the MSCI.
  5. Stated as green bonds certified by third parties.
  6. For purposes of assessing whether PensionDanmark’s buildings meet the EU sustainability criteria, only the buildings’ energy efficiency has been considered, not the ‘Do no significant harm’ or Minimum social safeguards’ criteria.
  7. Stated as ownership of green energy infrastructure.