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BankInvest supports the UN Global Compact

05.07.2019

BankInvest has been approved as a participant in the UN Global Compact, the world’s largest initiative for the advance of sustainable business practices. As a participant, BankInvest will help promote the UN Global Compact’s ten principles for corporate social responsibility. Also financially this makes sense.

180 Un Compact

BankInvest’s participation in the UN Global Compact is a natural extension of its adoption as an asset manager of the UN’s Principles for Responsible Investment, UN PRI, back in 2008, explains Lars Bo Bertram, CEO of BankInvest.

“We are delighted to support the UN Global Compact. It is a natural next step after joining the UN PRI in 2008 and our work with ESG criteria in our investment processes for the past many years. We hope to help bring more focus to corporate social responsibility. Furthermore, it is only logical that we as a company commit ourselves to these principles,” says Lars Bo Bertram, who is also chairman of BankInvest’s Committee for Responsible Investments.

Since the early 2000s, BankInvest has worked in a structured manner with responsible investments, initially through the launch of ethical funds and as of 2008 – after signing the UN PRI – by incorporating environmental, social and governance (ESG) criteria into its investment process.


Social responsibility can create value

“This means that we screen the companies we invest in on behalf of our clients in terms of their environmental, social and ethical responsibility. The incorporation of ESG criteria into BankInvest’s investment processes serves to supplement other available information about a company that we are considering investing in. We not only review the company’s financial information but also its performance in relation to ESG criteria. These factors are hugely significant in terms of whether value is created or destroyed in a company. That is why ESG evaluation and compliance with norms, conventions and the UN Global Compact is also sensible from a financial perspective,” says Lars Bo Bertram.


Norm-based screening of companies

In addition to working with ESG criteria in its investment processes, BankInvest also performs so-called norm-based screenings of companies to ensure compliance with norms, conventions and the UN Global Compact’s ten principles in areas such as human rights, labour rights, environment and anti-corruption.

If this is not the case, BankInvest will often attempt to engage with companies to influence their behaviour and encourage them to take responsibility for any violations. If engagement does not work, the Committee for Responsible Investments will decide whether the company should be excluded and investments in the company sold.


Ongoing communications about the UN Global Compact

By participating in the UN Global Compact BankInvest commits itself to embedding the ten Global Compact principles in its operations and to share its progress with both the UN system and the public.

“BankInvest wants to enhance its communication regarding social responsibility initiatives and will report on these efforts through the UN Global Compact. It is also expected that we participate in the UN's seventeen SDGs so as to advance these goals as well,” says Lars Bo Bertram


Further information:
CEO Lars Bo Bertram, tel. 4042 7480
Communications Manager Dag Holmstad, tel. 2425 6081

About BankInvest:
BankInvest is a Danish asset manager and provider of investment funds with a total asset under management and administration of more than DKK 92 billion (ultimo 2018). BankInvest was founded in 1969 and is today owned by 40 local and nationwide Danish Banks.

 

Last updated: 05.07.2019

What is the UN Global Compact?

In 2005, the UN's so-called 10 Global Compact principles were adopted to en-courage businesses to take on greater social responsibility. The Global Compact is a set of principles that partici-pating businesses undertake to comply with in areas such human rights, labour rights, environment and anti-corruption.


How many businesses support the UN Global Compact globally and in Denmark?

More than 9,000 businesses and 4,000 “non-businesses”. In Denmark there are 385 participants, of which 23 are businesses in the financial sector, including BankInvest.


What are the UN’s Principles for Responsible Investment (UN PRI)?

Read more here:
» unglobalcompact.org
» Principles for Responsible Investment (UN PRI)