Odin’s Sustainability Action Plan 2024–2027
At the beginning of 2024, Odin established a strategy and action plan for our sustainability efforts for the period 2024–2027. The action plan supports a unified and coordinated approach to sustainability across the entire company and is firmly anchored in Odin’s overall corporate strategy.
To support this ambition, we have established clear strategic goals within four main areas:
1. Active ownership with clear expectations and demands
We expect the companies in which ODIN invests to follow international goals and standards for responsible and sustainable operations, and to have relevant guidelines and objectives in place. Our overarching goal is to vote at all general meetings of the companies we own and to maintain a constructive dialogue with them.
2. Meeting customer expectations on sustainability and social responsibility
Our funds should be responsible and sustainable products that integrate sustainability into investment decisions and are transparent about how this affects our investments. To live up to this, we must also maintain strong internal governance and have a clear overview of the portfolio’s overall risk exposure.
In 2024, we took the first steps toward mapping the portfolio’s total exposure to climate- and nature-related risks in line with guidance from the Task Force on Climate-related Financial Disclosures (TCFD) and the Task Force on Nature-related Financial Disclosures (TNFD). We also began developing a roadmap for how we will achieve our ambition of net zero emissions by 2050.
3. Transparency and responsible investing
To meet the customer expectations outlined in point two above, it is also important that we are transparent about our approach. In the summer of 2024, ODIN launched new websites, including updated and expanded sustainability pages. Information about our sustainability efforts has been collected in our new sustainability library – including methods and guidelines on how we work, as well as regular reporting on our activities. In 2024, we also published our first impact report for the fixed income fund ODIN Sustainable Corporate Bond. The report demonstrates the fund’s investment strategy in practice and how its investments contribute to addressing global challenges. As active owners, we also want to be more transparent about how we engage with our portfolio companies. Therefore, at the end of 2024, we began enhancing our current system for monitoring and reporting on company dialogues and updated our guidelines to strengthen this work. The updated guidelines are available in our sustainability library.
4. Building internal sustainability expertise
Sustainability is an ever-evolving field, and it is important to prioritize competence development to stay ahead of changing expectations, methodologies, and regulations. At the same time, sustainability is a cornerstone of our asset management, and it is vital that all employees share a common understanding of how we work in this area.