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Sampension

Sampension is one of Denmark’s largest customer-owned pension providers, offering occupational and corporate pension solutions to more than 325,000 customers. With over 400 employees and approximately EUR 47 billion under management, Sampension’s core mission is to create long-term value for its customers through low costs and strong investment performance. Sustainability considerations are integrated into the investment process alongside the objective of delivering attractive risk-adjusted returns, reflecting the company’s commitment to managing environmental, social, and governance-related risks and opportunities.

Initial Target Disclosure: July 2026

Portfolio level

Portfolio level – Portfolio decarbonisation reference target

Baseline date: 31 December 2019

Baseline performance: 10,2t C02e/DKKmn invested

Target year(s): 2030, 2050

Target(s):
-45% CO2e/DKKmn invested by 2030

net zero CO2e/DKKmn invested by 2050

GHG scopes included: Financed emissions measured in scope 1 and 2. Scope 3 emissions collected for listed assets but difficult to obtain for non listed part of portfolio.

Asset classes in scope: Targets cover the entire portfolio.

Portfolio level – Investment in climate solutions target

Qualitative goal: As part of our climate action strategy, we aim to actively contribute to the transition towards a climate-sustainable economy by continuously identifying, assessing and, where consistent with our investment strategy and financial considerations, investing in activities and solutions that support the green transition.

For 2025 the share of investments that support the transition is assessed to be 11,2 %.

Asset level

Asset level – Portfolio coverage target

Baseline: 31 December 2019

Baseline performance (at least “aligning”) : 20-40%. Based on a mix of data from SBTi and ISS (SBTi-approved, SBTi-committed, ISS “ambitious”).

Target(s): Currently, no separate target is set for ‘proportion of assets meeting “aligning” criteria’.

Climate strategy reviewed annually

Asset level – Engagement threshold target

Baseline: 31 December 2019

Baseline performance (at least “aligned” or under engagement): Not quantified.

Target year(s): 2030

Target: Sampension prioritise engagement with the highest-emitting and highest-impact companies, seeking that a majority of financed emissions are covered by active engagement and stewardship activities by 2030.

Approach: Sampension’s engagement strategy is based on active ownership. Through ongoing dialogue with portfolio companies, the exercise of voting rights, continuous monitoring of ESG performance, and, where necessary, exclusion, Sampension seeks to promote sound management of sustainability related risks and opportunities. Engagement activities are broad based and focus on material issues, hereunder climate change, biodiversity and corporate governance, and are often conducted in collaboration with other investors to increase impact and influence.

Additional information

Sampension considers its climate targets to be broadly consistent with the contribution expected from investors towards the global emissions reductions required to limit warming to 1.5°C. This assessment is supported by a 45% financed emissions reduction target by 2030 from a 2019 baseline, combined with investment in climate solutions and stewardship activities that seek to support emissions reductions in the real economy. Sampension recognises that an investor’s contribution to the transition cannot be assessed solely through portfolio emissions metrics and also depends on the extent to which investee companies and the wider economy successfully decarbonise over time.

Sampension has established exclusion thresholds of 5% of revenue from thermal coal and tar sands extraction and 15% of revenue from metallurgical coal in developed markets (25% for emerging markets). Thresholds for developed markets are reduced by 5% annually until all reach <5%. Thresholds for emerging markets are reduced by 2,5% annually from 2030 onwards until all reach <5%. For oil and gas companies, Sampension applies an active ownership approach focused on engagement and transition expectations. Companies that do not demonstrate sufficient progress towards credible net-zero aligned transition plans may ultimately be excluded from the portfolio.

Report, policies and action plans above in DA only