Sampension’s balance sheet hit DKK 350bn for the first time in 2021, it has revealed.

Publishing its results for 2021, Sampension said its balance sheet was DKK 354bn at the end of 2021, an increase of DKK 15bn compared to 2020. Sampension CEO, Hasse Jørgensen, said hitting the figure was “something of a milestone”.

"The ongoing increase in the balance sheet is a result of our good returns over the years, which was not least the case in 2021, when we achieved a record-high return,” Jørgensen said.

In 2021, customers in Sampension received a return of up to 23.4 per cent before tax depending on age and investment risk. The return was highest for customers with high investment risk, but customers with lower risk also received good returns.

For example, a customer with 15 years to retire and with moderate risk, had a return of 21.1 per cent in 2021. In total, the investment return in Sampension was DKK 23.9bn in 2021, which is more than double compared to 2020, when the investment return was DKK 11.5bn.

“2021 was a very good investment year, with strong tailwinds in the financial markets with good returns on most risky assets. It also meant that last year we were able to deliver the highest return ever to our customers, which is of course very satisfactory,” Jørgensen said.

“We are now in a somewhat different investment environment than before the New Year. The prospect of a tighter monetary policy and rising interest rates during 2022 as well as the terrible development in Ukraine have meant large declines in the stock markets since the new year, and therefore we must accept that the return this year will be significantly lower than in 2021.”

In addition, 2021 also saw a reduction in Sampension’s CO2 footprint from its listed equity portfolio and directly owned corporate bonds by 27 per cent.

“As a responsible investor, we place great emphasis on our investments not only providing good returns, but also contributing to solving global challenges such as climate change. Therefore, we are very pleased that in 2021 we have also been able to significantly reduce the climate footprint from the listed equity portfolio, and in the future we will put even more turbo on the work of ensuring that our investments work for the benefit of the climate,” Jørgensen said.

In connection with this, Sampension has recently set a goal to reduce its CO2 foorprint from its total investment portfolio by 45 per cent by 2030. This, it said, will contribute to its portfolio being CO2 neutral by 2050.

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