Responsible investments
Responsible investments are about balancing consideration for the environment, social responsibility and profitability in our management. We work systematically to ensure that the management of our investments takes place in a proper and sustainable manner.
Our approach
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We believe that companies that take account of sustainability have better prospects for future sustainability by managing risk market developments better than those that do not take such considerations into account. Asset management is based on the UN's 10 Global Compact principles, which include human rights, labour standards, the environment and the fight against corruption. This is set out in our Group Responsible Investment Policy and associated instructions, which are available on gjensidige.com.
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We have signed the UN Principles for Responsible Investments (UN PRI) as a commitment to act in the best interests of our stakeholders in a long-term perspective. Through our support – we recognise the important role of sustainability topics.
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We support the Paris Agreement. Based on the reports of the Intergovernmental Panel on Climate Change, we consider it necessary to have a strategy of net zero emissions in the investment portfolio by 2050 in order to achieve the agreement's goals. Through our commitment to SBTi, we are committed to doing this according to the best available science
Read more about our work as a responsible investor
What do we not invest in?
Exclusions are an important part of our work with responsible investment and external managers to ensure that the management of the fund is conducted in accordance with the principles we want for our own funds and on behalf of customers
What do we do to make a positive impact?
As a major investor, we believe we have a significant opportunity to use our ownership to make the world better for our stakeholders.
Procurements
Gjensidige's insurance business purchases goods and services for more than NOK three billion annually. The volume gives us the opportunity – and responsibility – to conduct good competitions and stimulate development in the markets in which we operate.
Our targets
- Support the Paris Agreement's goal of net zero emissions in investment portfolios by 2050
- Exclude companies that violate international norms on which the UN Global Compact is based.
- By 2025, increase the share of external management in sustainable funds (ESG funds)
- Make it easier for customers to make sustainable choices.
Key measures in 2024
- We have taken part in two pilot projects under the auspices of SBTi.
- We submitted an investment target for approval by SBTi. The target follows the same methods that we have based our internal framework on.