Climate Change Data

BI Holding A/S (BIH), BI Management A/S (BIM), and BI Asset Management Fonds-mæglerselskab (BIAM)

Climate Impact & Sustainability Data (2023, 2024)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5.971.511 tCO2e/year
Scope 1 Emissions:738.061 tCO2e/year
Scope 2 Emissions:167.580 tCO2e/year
Scope 3 Emissions:5.065.869 tCO2e/year
Carbon Intensity:358 ton/m EUR (2023), 402 ton/m EUR (2022)

ESG Focus Areas

  • Climate Change
  • Social and Employee Matters
  • Respect for Human Rights
  • Anti-corruption and Anti-bribery

Environmental Achievements

  • Joined the Net Zero Asset Managers initiative with a commitment to net-zero emissions from investment portfolios by 2050.
  • Set a 55% reduction target for CO2 footprint (tCO2e/$m invested) from 2019 to 2030 for a portion of investments, increasing to 100% by 2040.
  • Launched new guidelines for investments in fossil fuel companies in 2024.

Social Achievements

  • Reduced exposure to companies involved in violations of UN Global Compact principles or OECD guidelines for multinational enterprises.
  • Implemented a policy for active ownership and exercise of voting rights, including engagement with companies to influence positive change.

Governance Achievements

  • Issued a Responsible Investment Policy requiring portfolio managers to consider principal adverse impacts (PAI) on sustainability factors.
  • Issued a Sustainability Risk Policy integrating climate risks into risk management and reporting.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions from investment portfolios by 2050.
Medium-term Goals:
  • 55% reduction in CO2 footprint by 2030 (for a portion of investments, increasing to 100% by 2040).

Environmental Challenges

  • Increased absolute CO2 levels due to growth in BankInvest's assets under management (AuM).
  • Data quality and availability variations across different departments and PAI indicators.
  • Limited data availability on certain PAI indicators, requiring the use of reasonable assumptions.
Mitigation Strategies
  • Utilizing MSCI ESG and Morningstar Sustainalytics for PAI data, supplemented by reasonable assumptions where data is scarce.
  • Implementing a norm-based screening for violations of international norms and conventions.
  • Engaging in dialogues with companies to address identified issues and promote improvements.
  • Excluding companies from the investment universe if insufficient progress is made in addressing negative impacts.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, OECD Guidelines for Multinational Enterprises, UN Guiding Principles on Business and Human Rights

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance
  • Climate Change

Environmental Achievements

  • ~62% of BankInvest's total assets under management are managed in accordance with the Net Zero Asset Managers initiative by December 30, 2022. A 55% reduction target for carbon emissions from the end of 2019 to 2030 has been set for covered assets.

Social Achievements

  • Not disclosed

Governance Achievements

  • Established a Responsible Investment Committee that meets at least four times annually.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality from investments by 2050.
Medium-term Goals:
  • 55% reduction target for carbon emissions from the end of 2019 to 2030 for covered assets.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • In certain departments, it may not be possible to fully cover the ESG-related risks due to insufficient data from providers.
Mitigation Strategies
  • Portfolio managers and ESG specialists work together to identify relevant ESG risks in areas with insufficient data.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: UN PRI, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed