Corporate Social Responsibility
The Danske PEP funds have been governed by an ethical investment policy since inception. This policy is updated in dialogue with investors as each new Danske PEP fund is established. A review of the conduct of prospective managers forms an integral part of each investment decision. The agreements governing commitments made by Danske PEP funds to portfolio funds seek to oblige managers to incorporate similar reviews in their investment decisions, to monitor portfolio businesses with regard to corporate social responsibility, preferably applying the UN Global Compact, and to exempt Danske PEP funds from investments in particular types of assets, currently military armaments and tobacco.