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Nykredit Realkredit Group

PRI reporting framework 2018

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Outputs and outcomes

FI 18. Financial/ESG performance

18.1. Indicate whether your organisation measures how your incorporation of ESG analysis in fixed income has affected investment outcomes and/or ESG performance.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
We measure whether incorporating ESG impacts funds' reputation
We measure whether incorporating ESG impacts financial returns
We measure whether incorporating ESG impacts risk
We measure whether incorporating ESG impacts funds' ESG performance
None of the above

18.2. Describe how your organisation measures how your incorporation of ESG analysis in fixed income has affected investment outcomes and/or ESG performance. [OPTIONAL]

Nykredit compares the funds performance to benchmarks. We also adress effects of exclusions and draw downs from companies in relation to ESG. Except for fossil fuel exposure and scandals the causality is difficult to establish. 

18.3. Additional information.[OPTIONAL]


FI 19. Examples - ESG incorporation or engagement

19.1. Provide examples of how your incorporation of ESG analysis and/or your engagement of issuers has affected your fixed income investment outcomes during the reporting year.

ESG issue and explanation

Poor country governance: Lack of freedom of speech and negative democratic development in Egypt.

Impact on investment decision or performance

Nykredit decided to keep Egypt out of the investment universe. The country has stabilised but at the cost of basic freedoms.

ESG issue and explanation

Ørsted: The green energy pioneer had a substantial fossil fuel exposure, which made it far from a pure play.

Impact on investment decision or performance

The company divested from fossil fuels which made it eligible for a number of our fossil free portfolios, including the fixed income. The company has experience two very positive years since its new strategy was launched.

19.2. Additional information.


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