- Data were not available for the computation of ratios for 2017-2018.
- Energy consumption and renewable energy share are calculated based on scope 2 market-based.
- Data were not available for the computation of ratios for 2017-2019.
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 | 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 | m³ | 2,363 | 2,769 | 2,552 | 3,15 | 3,04 | 2,952 |
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 | - | - |
- Data were not available for the computation of ratios for 2017-2018.
- Data were not available for the computation of ratios for 2017-2019.
- Data were not available for the computation of ratios for 2017-2020.
- 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 | - | - | - | - |
- A response must have been received to the company’s inquiry to qualify as dialogue.
- Data were not available for the computation of ratios for 2017-2020.
- The assessment of whether PensionDanmark’s new buildings are sustainability is based on pre-certifications.
- Aligned with the EU taxonomy, in terms of revenue, according to the MSCI.
- Stated as green bonds certified by third parties.
- 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.
- Stated as ownership of green energy infrastructure.