How does PFA work with sustainability risks and product categorisation?
What is PFA’s position regarding the new EU regulations?
It is important to PFA, our customers and the green transition in general that there is a common framework for how one categorises different pension products so that there is more transparency, more clarity and a real basis for comparison across products and companies.
At PFA, we focus on sustainability in all our pension solutions. However, the focus on sustainability differs when comparing PFA Plus and PFA Climate Plus. At PFA Plus, we focus on sustainability on a wide and general level, while PFA Climate Plus is focused on climate-friendly investments.
PFA is continually investigating how we can ensure an attractive range of funds to invest in via You Invest that address our customers’ demands and preferences for things such as sustainability. The framework for regulation sustainable investments is still new, and there is a limited selection of fully sustainable funds. At PFA, we are closely monitoring the developments and we will take stock of the situation once more products become available.
How does PFA work with sustainability in its pension products?
At PFA, we have a strong focus on sustainability in all our pension solutions and we believe that responsibility and good returns are increasingly interlinked - not least from the perspective of a long-term investor. That said, our products will have various degrees of sustainability and different levels of focus.
We invest all our pension products based on PFA’s policy for responsible investments and active ownership which forms the framework for how we work with integrating responsibility into our investment processes and is based on international standards and principles.
PFA Climate Plus has a particularly strong focus on climate-friendly investments. PFA Climate Plus has a clear and very ambitious sustainability objective with strong customer pledges in terms of CO2 emissions. PFA defines climate-friendly investments as assets that are either supplying solutions for the green transition, are leaders in the green transition in their industries/sectors, or which focus on reducing their carbon footprints (including targets) to be compatible with the goal of keeping global temperature increases below 2 degrees. For all our investments, we ensure that we comply with minimum standards for social issues via our work with responsible investments and our policy for responsible investments.
What does this mean going forward?
The framework for regulating sustainable investments is still being developed, so there is some uncertainty associated with various interpretations and there is limited data. At PFA, we have therefore adopted a cautious approach to the classification of our pension products.
We maintain our high level of ambition for our sustainability investments with a clear target of making PFA Climate Plus a fully sustainable product (article 9) in the long term.
PFA Plus and PFA Climate Plus are categorised as products that focus on both returns and sustainability, and they are classified pursuant to article 8 of the EU’s Sustainable Finance Disclosure Regulation (SFDR).
er udviklet til virksomheder, som ønsker en komplet og moderne pensionsordning til medarbejderne. En pensionsordning med både opsparing og forsikringer i én pakke - med stor værdi for både jeres medarbejdere og virksomheden. Læs mere om PFA Plus her
PFA Klima Plus
er et pensionsprodukt, der gør det muligt for kunderne at spare op til pension gennem særligt udvalgte klimavenlige investeringer. PFA Klima Plus vil være CO2-neutralt senest i 2025. Læs mere om PFA Klima Plus her