PFA Plus is a market rate savings product and includes savings products where you do not have to know too much about shares, bonds, the real estate market, interest rates or alternative investments. Our specialists manage your money in the best possible way, based on the risk you are willing to take in relation to your return expectations. You can choose between four different investment profiles - we call these investment profile A, B, C and D in PFA Plus. Most of our customers choose to let PFA invest their savings.
PFA Plus investment profile A, investment profile B, investment profile C and investment profile D
PFA Plus investment profile A, investment profile B, investment profile C and investment profile D are savings products that, among other characteristics, promote environmental and social characteristics.
This is in part achieved by continually monitoring whether the companies in the products comply with international norms or conventions for areas such as environmental protection, labour rights and human rights and exercising active ownership via voting and corporate dialogues and by excluding specific companies and countries.
The savings products also contribute to the EU’s environmental targets by, among other things, investing in companies that supply solutions for the stabilisation and reduction of greenhouse gases and/or reduce or prevent negative impacts from current or expected climate changes. In addition, investments are also made in green bonds and properties that are built/renovated based on sustainable standards and direct investments are also made in renewable energy infrastructure.
Environmentally sustainable investments
The proportion of PFA Plus investment profile A, investment profile B, investment profile C and investment profile D that is considered environmentally sustainable is assessed based on whether the investments’ economic activities contribute to meeting one or more of the EU’s environmental targets, whether they do not significantly hinder the EU’s environmental targets and whether the companies operate in accordance with the OECD’s guidelines for multinational companies and the UN’s guiding principles for the private sector and human rights.
The calculation of the product’s proportion of environmentally sustainable investments pursuant to the EU taxonomy regulation is presented in the table below. There is only very limited data available on the parameter of environmental sustainability, as companies have only been obliged to report on this (pursuant to the EU’s taxonomy regulation) from 1 January 2023. The proportion of environmental sustainability is therefore based on estimates. The estimates are based on assessments and data from external data suppliers and consultants and will gradually be phased out once reports from the companies are available. The below statement of the proportion of environmentally sustainable investments, cf. the EU’s taxonomy regulation, is therefore not considering the EU’s technical screening criteria as companies are not at present reporting how they are complying with this.
PFA Plus investment profiles’ proportion of investments aligned with the EU’s environmental taxonomy
Note: The figures were calculated on 31/12/21.
||Estimated for the EU’s environmental targets 1-6
|PFA Plus investment profile A
|PFA Plus investment profile B
|PFA Plus investment profile C
|PFA Plus investment profile D
Note: The proportion of environmentally sustainable investments is decreasing based on time left until retirement due to the gradual reduction of risk. The calculated proportions are before the gradual reduction is initiated.
Note: The taxonomy regulation defines six climate and environmental targets that economic activities can significantly contribute to in order to be classified as climate and environmentally sustainable. 1. Climate change mitigation 2. Climate change adaptation 3. Sustainable use and protection of water and marine resources 4. Transition to a circular economy 5. Pollution prevention and control 6. Protection and restoration of biodiversity and ecosystems.
Source: MSCI and analyses made by PFA and/or external consultants.
The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
For example, this means that investment profile D, which has a 4,2 % proportion of sustainable investments (pursuant to the EU’s taxonomy regulation) may well have a larger proportion of sustainable investments, but the remaining investments do not meet all of the EU’s criteria for being included in the statement of environmentally sustainable investments under the EU’s taxonomy regulation.
Categorisation according to the EU’s Sustainable Finance Disclosure Regulation (SFDR)
PFA Plus investment profile A, investment profile B, investment profile C and investment profile D are categorised pursuant to Article 8 as partially sustainable products in terms of the EU regulation on sustainability‐related disclosures in the financial services sector (SFDR).