Danske Bank Asset Management stands out on reporting on PAI indicators. This is one of the conclusions in a recent market analysis of 30 large financial institutions from Responsible Investor.

Principal Adverse Impact (PAI) indicators measure the negative impact of investments on the environment and wider society. The analysis shows that Danske Bank Asset Management is the asset manager reporting on most indicators – GHG emissions, energy consumption, biodiversity, water, waste and social and employee matters.

In addition, we have set up a unique pre-trade warning process that warns our portfolio managers, if they are about to invest in a company with significant negative impact on society.

Stine Lehmann Schack, Head of Responsible Investment Frameworks & Governance at Danske Bank Asset Management, says the PAI indicators have been chosen based on portfolio relevance and data quality, as well as value to external stakeholders.

“I could definitely see us selecting more additional indicators as we go along, especially it this improves the sustainability performance of our portfolios,” Stine Lehmann Schack says.

Overall, we believe that it is important to disclose our approach to responsible investments and report on our efforts in order to be transparent and held accountable.

Read the article here (behind paywall, published 31.08.2023).