Arbejdsmarkedets Tillaegspension

The financial institution publishes an engagement report detailing outcomes related to sustainability impact topics and maintains a gender balance of 40-60% at the senior executive level. It discloses the monetary amount of products, services, and capital linked to high-emitting and fossil fuel sectors while refraining from providing financial services to new fossil fuel projects or investees and clients involved in such projects.

The institution has time-bound and measurable targets for the provision of products, services, and capital for these climate solutions. Furthermore, it transparently identifies key sectors, clients, and investees for engagement on climate and nature-related issues. The institution actively engages with these entities to promote strategies for nature protection and restoration and forms partnerships to influence them to act on their nature-related impacts. Additionally, it provides examples of how its offerings support societal climate adaptation and resilience.

The institution monitors its Scope 1-3 emissions and associated financing activities (Scope 3 category 15). Moreover, it has established interim targets aligned with a 1.5C trajectory for 2025 and 2030.

The financial institution expects suppliers to respect specific workers’ rights but has the opportunity to reference all ILO fundamental rights at work. It can provide a publicly available policy statement prohibiting bribery and corruption and include such clauses in contracts with its business relationships. While the institution identifies and prioritizes material sustainability impacts, it could enhance transparency by disclosing the objective criteria and evidence used in its materiality analysis. Furthermore, it could link performance criteria for remuneration at the senior executive level to specific sustainability targets. Although the institution has a stewardship policy that supports environmental transitions and social best practices, it has the opportunity to align the policy with its sustainability strategy.

It is recommended that the institution disclose the breakdown of clients or beneficiaries by income group and clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Its risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Moreover, the institution could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition. It could also provide an example of actions taken in the past three years to address salient human rights issues identified through risk assessments related to the products, services, and capital it offers.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.