The boad has set ESG-goals of which some are directly tied to climate action. The board is ultimately responsible whether these goals are implemented. To this end it oversees, with the help of the Pension Bureau, whether external managers and service providers (ie. fiduciary manager) implement the ESG policy and whether these parties report in a sufficient fashion about the implementation outcomes.
The fiduciary manager assesses/monitors the implementation efforts of the external managers. In this respect, the CO2 intensity of the investment portfolio is compiled on an annual basis. Furthermore, the fiduciary manager tracks the degree of CO2 emission reduction by comparing the CO2 intensity of the ESG benchmarks choses versus a regular (non-ESG) benchmark.