The Foundation incorporates sustainability alongside more traditional investment factors when making investment decisions. The Foundation invests largely through external investment managers. As such, these investment managers play an integral role in implementing our focus on sustainability. The responsible investment approaches of the foundation include sustainability analysis, active ownership and engagement and impact investing. The Foundation works to avoid investments in companies that manufacture tobacco.
Impact investing
The Foundation has a portfolio of impact investments in the private equity portfolio. Impact investing refers to investments in companies, organizations or funds, whose purpose is to make investment returns along with a significant social or environmental impact.
As part of our efforts to promote responsible investing, and as a contribution to the development of a more sustainable global financial system, the Gjensidige Foundation has signed several internationally recognized initiatives and principles
PRI
Since the spring of 2018, the Foundation has been a signatory of the Principles for Responsible Investment (PRI). The six PRI are a voluntary and aspirational set of investment principles. The network of signatories is working together to put the six principles into practice. The goal is to understand the implications of sustainability for investors and to support signatories in incorporating these issues into their investment decision-making and ownership practice.
Norsif
The Norwegian Forum for Sustainable and Responsible Investment (Norsif) is an independent association of asset owners and asset managers, service providers, and industry associations with an interest in the development of responsible and sustainable investments. The association aims to promote and contribute to the development of the field of responsible investment in the Norwegian financial industry and among other stakeholders. The foundation is one of the founding organizations of Norsif.
Climate Action 100+
Climate Action 100+ is an investor initiative to ensure that the world’s largest corporate greenhouse gas emitters take necessary action on climate change. The companies include 100 “systemically important emitters”, accounting for two-thirds of annual global industrial emissions, alongside more than 60 others with significant opportunities to drive the clean energy transition. The initiative was launched in December 2017 and has garnered worldwide attention as 1 of 12 key global initiatives to tackle climate change.