Denmark’s Danica Pension significantly increased its active ownership in 2021 and was in dialogue with almost 60 per cent more companies than in 2020, it has revealed.

Publishing a report on active ownership, the pension provider also revealed that the proportion of dialogues with companies on climate and environmental issues increased by almost 50 per cent. The provider said it has increased its active ownership activities to be able to influence companies to focus on sustainability.

Danica Pension had dialogue with 362 companies in 2021, compared to 231 in 2020, and 205 in 2019.

“We have set up a dedicated department for the area and increased resources, as we have a clear ambition to shape the companies we invest in to constantly move towards sustainability. From a societal perspective, companies must minimise their negative footprint, and at the same time they must move sustainability into the core business to be an attractive investment,” Danica Pension chief ESG specialist Mads Steinmüller, said.

“Themes such as climate, diversity, circular economy or management aspects have become more important for companies' returns to our customers. Therefore, we have needed to increase dialogue in order to have a firmer grip on companies and contribute positively to the bottom line of the companies and society. For us, it is not about having as many dialogues as possible, but rather having a dialogue with relevant companies and making a difference.”

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