Sustainability-related disclosure 

PFA wants to invest in a responsible development of society. For this purpose, we use, among other things, EU’s rules of how to communicate, advise and report on sustainability as the underlying basis. Here, you can read more about the efforts and what it means to the sustainability assessment of our savings products.

PFA and the EU’s frameworks for sustainable investments 

As part of its work with sustainable economics, the EU has specified frameworks for how to classify, document, advise and communicate about sustainability in relation to one’s financial products, including pension products. These frameworks are described in more detail in the EU’s Disclosure Regulation. The rules stem from the EU’s green deal.

Read moreRead lessHere, ‘sustainability’ must be understood in alignment with the EU rules about when an investment can be called sustainable and, in addition to climate and environmental factors, it also includes considerations for a balanced social and economic societal development as well as good corporate governance. Initially, the EU’s green deal has also resulted in an environmental taxonomy that specifies common standards for when an economic activity can be considered environmentally sustainable..

The EU’s green deal is intended to convert the EU into a modern, resource-efficient and competitive economy by ensuring:

• that there are no longer net emissions of greenhouse gases by 2050 at the latest
• that economic growth decouples from resource consumption
• that no individuals and no areas are left behind

The EU’ frameworks also allow for the use of various degrees of sustainability, ranging from non-sustainable to partially sustainable to fully sustainable financial products. For partially sustainable financial products, they will as a general rule promote environmental or social characteristics in various ways while fully sustainable products have a sustainable investment objective.
 
PFA is currently unable to classify any investments as sustainable. We continuously assess the extent to which the investments' activities are in line with an environmental objective in economic activities that qualify as environmentally sustainable according to the EU classification system. However, we do not classify these investments as sustainable, as these investments do not meet all the conditions that apply for sustainable investments. This means that although the products under PFA Plus and PFA Klima Plus are classified as partially sustainable financial products pursuant to Article 8 of the EU Disclosure Regulation, as they promote environmental or social characteristics, they do not contain minimum shares of sustainable investments.

PFA Plus Profile Low

 

 



    

PFA Plus Profile Medium

 

  

    

PFA Plus Profile High

    

PFA Plus Low-risk fund

    

PFA Plus High-risk fund

 

  

    

PFA Climate Plus Profile Low

    

PFA Climate Plus Profile Medium

    

PFA Climate Plus Profile High


  

    

PFA Climate Plus Low-risk fund

 

 

    

PFA Climate Plus High-risk fund

 

 

  

    

Integration of sustainability risks in investment decisions

Your investments in PFA’s market rate product (PFA Plus and PFA Climate Plus) are exposed to sustainability risks. PFA cannot avoid sustainability risks, but we aim to balance risk and return for each market rate product by performing sustainability risk analyses and active ownership. PFA has a dynamic approach to risk management and thus sustainability risks are an integral part of the overall assessment of the investments’ risk-adjusted return.
 
A sustainability risk is an environmental, social or governance event or circumstance that, if it materializes, may have a significant negative impact on the return on your investments.  As with other risks, sustainability risks are incorporated into PFA’s investment processes based on the data and methods available for each asset class (e.g., shares and bond) and market rate product. The data and methods currently available to assess sustainability risks are not as well developed as those for traditional financial risks. This implies that it is not possible to identify or conduct the same nuanced assessment of the individual sustainability risks for each asset class and market rate product as with traditional financial risks.
 

Principal Adverse Impact Statement

In PFA, it is important for us to minimise the adverse sustainability impacts of our investments.

Please read more about our work in PFA’s Principal Adverse Impact Statement.

Integration of sustainability risks in the remuneration policy

At PFA, remuneration (together with other employment terms) should reflect the customers’, the PFA Group’s and the company’s interests and promote the long-term objective of creating value for customers as well as promoting sound and efficient risk management. Consequently, the PFA Group’s remuneration policy also considers sustainability risks. 

Sustainability risks are integrated in remuneration in the same way as other types of risks identified for the PFA Group. The PFA Group's general remuneration structure reflects the Group’s established strategy Commercial Responsibility 2023 through to 2023, including the overall investment and risk strategy and identified risks such as operational, market, sustainability and reputational risks. 

Sustainability risks are also incorporated as an integral part of the policy for active ownership and responsible investments, which the relevant business units of the PFA Group are liable to comply with. Compliance with the PFA Group’s guidelines are, together with the other employment terms, an important part of the remuneration principles in the PFA Group. The level of importance which should be attached to the sustainability risks as part of the remuneration policy will depend on the business area of the individual business unit.

Overview of changes to sustainability-related disclosures