Responsibility

What is responsible investment?

The purpose of the fund is to safeguard and build financial wealth for future generations. This requires sustainable economic, environmental and social development. As we own a small slice of companies, we have the ability to influence how they operate. We aim to promote long-term value creation at the companies and minimise negative effects on the environment and society. This is how responsible investment contributes to the fund's objective of the highest possible return with acceptable risk.

HOW WE WORK WITH COMPANIES ON SUSTAINABLE GROWTH

The fund’s future value is dependent on the value created by the companies we invest in. We therefore monitor their ESG performance – how they are run and how they impact on the environment and society. We call this active ownership.

We express clear expectations

  • We express clear expectations for how the companies in our portfolio should address global challenges. We assess how they report on their work in specific areas, and engage with selected companies on making improvements.

 

We monitor and engage with companies

  • We identify and manage risks that could affect the value of the fund. We engage with companies that expose us to unacceptable ESG risk. In some cases, we may divest from them completely.

We vote at shareholder meetings and interact with board and management

  • To protect the fund’s assets, we aim to vote at all shareholder meetings. As a long-term investor, we also have an ongoing dialogue with companies’ board and management.

Our ethical guidelines

While we do not apply hard screens, the fund typically avoids investments in companies that:

  • Manufacture certain types of weapons

  • Produce tobacco or cannabis for recreational use

  • Base their operations on coal

  • Contribute to violations of fundamental ethical norms