Skip to main content
Photo of a man
SKAGEN received high scores in the annual assessment carried out by PRI. "This is an important step in our work to continuously improve our sustainably initiatives," says sustainability specialist Sondre Myge Haugland.
Sustainability 2 min read time

SKAGEN awarded high PRI scores

By Anna S. Marcus Communications Manager 24 September 2020

SKAGEN has been awarded top scores in the most recent Principles for Responsible Investment (PRI) assessment report.

As a PRI signatory, each year, SKAGEN reports on a range of criteria according to the PRI's framework for responsible investing. Based on this, PRI issues a report to assess to what extent we have fulfilled the principles. A+ is the highest score awarded.

In its most recent assessment report published in the summer, PRI awarded SKAGEN with an A+ rating in the "Strategy & Governance" category and A ratings in the "Listed Equity – Incorporation" and "Listed Equity – Active Ownership" categories. The incorporation category looks at how well SKAGEN incorporates sustainability issues into investment decisions while the active ownership category is about how we well we engage with companies and our voting activity at general meetings. SKAGEN's scores are higher or on a par with the median when compared with peers.

PRI-score.jpg

"The annual PRI assessment is an important part of our work to continuously improve our sustainability initiatives. We are of course very pleased to have received such high scores, but our focus now is on the road ahead," commented sustainability specialist Sondre Myge Haugland.

SKAGEN became a PRI signatory in 2012 and has since been subject to yearly assessments. PRI reporting is the largest global reporting project on responsible investment. The aim is to facilitate learning and development for asset managers and improve their responsible investment practices.

As a PRI signatory, SKAGEN commits to following a set of six principles for incorporating ESG issues into investment practice:

  • Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.
  • Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.
  • Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  • Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.
  • Principle 5: We will work together to enhance our effectiveness in implementing the Principles.
  • Principle 6: We will each report on our activities and progress towards implementing the Principles.

 

 

Date: 24/09/20

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs.