Strategic direction

Substantial amounts of finance will be necessary for transitioning into more sustainable economies and societies. Therefore, sustainable finance is placed at the core of of our efforts to advance sustainability.

In addition, we have five strategic focus areas:

entrepreneurship, financial confidence, employee well-being & diversity, environmental footprint and governance & integrity.

Sustainable finance

We help our customers achieve their sustainability ambitions through financing and investing

Volume target

2023 target: DKK 300 billion in sustainable financing, including granted green loans and arranged sustainable bonds
2022 status: DKK 273 billion since 2019

Net-zero commitments

We joined the Net-Zero Banking Alliance (NZBA) in October 2021

Carbon emission reduction targets

2030 target: Reduce carbon emissions in our corporate lending portfolio in six key sectors by between 25-55% against a 2020 baseline

Volume target

2030 target: DKK 150 billion investments in funds with sustainable investment objective.
2022 status: DKK 52 billion since 2021.

Net-zero commitments

We joined the Net Zero Asset Managers Initiative in March 2021 and set interim targets in November 2021.

Carbon emission reduction targets

2030 target: We want to reduce the weighted average carbon intensity of our investment products by at least 50% against a 2020 baseline.
2030 target: Reduction of the implied temperature rating of our investment products from 2.7°C in 2020 to 2.1°C (scope 1 and scope 2) and reduction of the implied temperature rating of our investment products from 2.9°C in 2020 to 2.2°C (scope 1, 2 and 3)*
2025 target: Engagement with the 100 largest emitters

* Find more information about scope 1, 2 and 3 in our climate plan.

Volume target

2023 target: Danica Pension to have at least DKK 50 billion of its investments placed in assets that support the green transition.
2022 status: DKK 37,7 billion since 2019.

Net-zero commitments

Danica Pension joined the Net-Zero Asset Owner Alliance (article in Danish) in June 2020.

Carbon emission reduction target

2025 target: In Danica Pension’s portfolio we want to reduce carbon emission in five key sectors by between 15-35% against a 2019 baseline.

Targets link to sustainable Development Goal #13: Climate action

Entrepreneurship

We support new businesses in creating sustainable growth

2023-target: To support 10,000 startups and scaleups with growth and impact tools, services and expertise.
2022 status: 7,231 start-ups and scale-ups supported since 2016.

Target links to Sustainable Development Goal #8: Decent work and economic growth.

Financial confidence

We help people become financial confident

2023-target: Our target is to increase the financial confidence of 2 million people.
2022 status: 2,079,479 people supported since 2018.

Target links to Sustainable Development Goal #4: Quality education.

Governance & integrity

We operate in a responsible and transparent manner

2023-target: To consistently have over 95% of employees complete the annual mandatory compliance and risk management training.
2022 status: 97% of employees trained.

Target links to Sustainable Development Goal #16: Peace, justice and strong institutions.

Employee well-being & diversity

We foster well-being, diversity and inclusion in our workplace

2023-target: At least 35% women in senior leadership positions.
2022 status: 34% share of women in senior leadership positions.

Target links to Sustainable Development Goal #5: Gender equality.

Environmental footprint

We minimise our own environmental footprint

2030-target: 80% reduction in carbon emissions in scope 1 and 2 from 2019 and 60% reduction in carbon emissions in scope 1, 2 and currently measured scope 3 categories from 2019

2022 status: 55% carbon emissions reduction since 2019.

Target links to Sustainable Development Goal #13: Climate action.

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Sustainability

We want to play an active role in society by driving sustainable progress and using our expertise to make a positive difference.

Publications & policies

Read more about our Sustainability strategy, related policies, position statements and the international initiatives and standards we support.

Sustainable finance

We consider the areas of financing and investing at the core of our efforts to advance sustainability.