For board-level roles that have climate-related issue oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.
The boards are updated 5 times a year on climate related opportunities/risks. They also receive dedicated papers discussing PKA’s climate change strategy. PKA’s investment strategy makes specific references to climate related opportunities/risks and the Paris-agreement, which is guiding PKA’s decisions.
PKA’s ambition is to invest 10% of AUM in climate related projects (real assets) and the boards are continuously updated on the progress.
For management-level roles that assess and manage climate-related issues, provide further information on the structure and processes involved.
PKA has an ESG Committee, which meets every six weeks, that takes all material decisions regarding ESG and climate related risks. The committee includes all executive-level managers.