Corporate social responsibility
Sampension has a special fiduciary responsibility for managing its pension schemes in a way that helps policyholders get the most out of their pension. Being a part of the Danish labour market pension system, Sampension contributes to the sustainable development of the Danish economy with public sector and labour-market benefits in a healthy balance. We conduct our policy on corporate social responsibility as business-driven CSR and seek to honour our social responsibility through actions taken in our business areas.
Sampension has adopted an investment policy which, among other things, is based on the assumption that companies acting socially and environmentally responsibly are more likely to yield better returns over the long term by mitigating their business risk. Our responsible investment policy is designed on the principles defined in the UN Global Compact.
To help in screening and monitoring its more than 1,500 equity positions, Sampension has appointed EIRIS, a leading provider of research and risk assessment on a wide range of ethical aspects. Obviously, Sampension will always have the final say in whether to add a stock to its portfolio.
Based on the screening some companies are blacklisted and a selection of companies are chosen for engagement purposes. Companies are picked on the basis of their risk exposure to ESG (Environmental, Social and Governance) aspects, risk management or water management. Selection criteria include the companies’ existing policies, management systems and their willingness to report on those aspects to the general public.
The goal in each case is to identify companies deemed to be in a high-risk zone relative to their peers, and the purpose of engaging with companies is also to create an understanding of the themes involved and to achieve recognition of them through establishing/amending processes and policies in an open process.
Responsible investment policy
1. Social investment policy of Sampension
Sampension invests in companies:
- that do not employ child labour*;
Article 32 of the UN Convention on the Rights of the Child (1989)
ILO Convention (No. 138) concerning Minimum Age (1973) and ILO Convention (No. 182) concerning the Worst Forms of Child Labour (1999)
- that respect equal rights regardless of sex, race and religion*;
Articles 2 and 23(2) of the Universal Declaration of Human Rights (1948)
ILO Convention (No. 111) concerning Discrimination in Respect of Employment and Occupation (1958) and ILO Convention (No. 100) concerning Equal Remuneration (1951)
- that respect the individual’s right to form and to join a lawful trade union*;
Article 23(4) of the Universal Declaration of Human Rights (1948)
ILO Convention (No. 87) concerning Freedom of Association and Protection of the Right to Organise (1948), ILO Convention (No. 98) concerning the Right to Organise and Collective Bargaining ((1949) and ILO Convention (No. 154) concerning Collective Bargaining (1981)
- that do not employ forced labour*;
ILO Convention (No. 29) concerning Forced Labour (1930) and ILO Convention (No. 105) concerning the Abolition of Forced Labour (1957)
- that counteract corruption*;
UN Convention against Corruption (58/4), October 2003.
2. Environmental investment policy of Sampension
Sampension invests in companies:
- that observe the national environmental law, including the working environment law, in each country of activity*;
- that observe all ILO Conventions concerning health and safety in the work environment. At present there are more than 25 conventions in this field concerning health and safety, hours of work, sweatshops, etc.*;
- that strive to reduce their environmental impact*.
3. Investment policy of Sampension concerning weapons
Sampension does not invest in companies:
- that produce anti-personnel mines or their components (in accordance with the Ottawa Convention)*;
- that are in any way involved in the development and proliferation of weapons of mass destruction (nuclear, biological and chemical weapons)*.
*For more details read Appendix 1.