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Danske Bank

PRI reporting framework 2017

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ESG incorporation in actively managed listed equities

Implementation processes

LEI 03. Percentage of each incorporation strategy

New selection options have been added to this indicator. Please review your prefilled responses carefully.

03.1. Indicate (1) which ESG incorporation strategy and/or combination of strategies you apply to your actively managed listed equities and (2) the breakdown of your actively managed listed equities by strategy or combination of strategies (+/- 5%)

ESG incorporation strategy (select all that apply)

Percentage of active listed equity to which the strategy is applied
95 %
Percentage of active listed equity to which the strategy is applied (+/- 5%)
5 %
Total actively managed listed equities 100%

03.2. Describe your organisation’s approach to incorporation and the reasons for choosing the particular ESG incorporation strategy/strategies.

This type of screening intends to ensure that the investors do not hold assets in companies that are in breach of international principles as well as ensuring that no funds are invested in controversial weapons (cluster munitions and anti-personel mines) or certain aspects of nuclear arms production. In addition, funds that exclude selected controversial sectors such as alcohol, tobacco, gambling, fossil fuels and coal are screened to ensure the applicable exclusions are in place.

We integrate environmental, social and governance (ESG) considerations in our investment practices, as we believe that management of environmental and social risks and well-functioning corporate governance is a precondition for an optimization of the risk-adjusted return. The ESG integration process took place in 2016 through biannually meetings between the RI team and all portfolio management teams in all actively managed strategies. ESG risks were highlighted and potential outliers in terms of low ESG scores were discussed.

 

03.3. Where assets are managed using a combination of ESG incorporation strategies, briefly describe how these combinations are used. [Optional]


LEI 04. Type of ESG information used in investment decision (Private)


LEI 05. Information from engagement and/or voting used in investment decision-making (Private)


(A) Implementation: Screening

LEI 06. Types of screening applied

06.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

In addition to a norm based screen focusing on aspects of E, S and G we actively exclude companies engaged in the production of cluster munitions, anti-personel mines and certain areas of nuclear arms production.

Screened by

Description

The norm based screening is the foundation of the Danske Bank Group's RI Policy

06.2. Describe how the screening criteria are established, how often the criteria are reviewed and how you notify clients and/or beneficiaries when changes are made.

The screening criteria is approved by our RI board. It has been decided that our RI policy should be built around a norm-based framework rooted in internationally recognized norms. These include, UN Guiding Principles on Business and Human Rights, UN Global Compact and the OECD Guidelines for Multinational Enterprises. The criteria are reviewed annually


LEI 07. Processes to ensure screening is based on robust analysis

07.1. Indicate which processes your organisation uses to ensure screening is based on robust analysis.

07.2. Additional information. [Optional]


LEI 08. Processes to ensure fund criteria are not breached (Private)


(B) Implementation: Thematic

LEI 09. Types of sustainability thematic funds/mandates

09.1. Indicate the type of sustainability thematic funds or mandates your organisation manages.

09.2. Describe your organisation’s processes for sustainability themed funds. [Optional]


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