Stockholm (NordSIP) – Finansforeningen/CFA Society Denmark awarded its first ESG prize to Dr Jane Thostrup Jagd, at its New Year dinner, on January 27, 2020. At the same event, Ørsted was also awarded this year’s Information Prize for its ability to stay ahead of investors’ demands for information regarding ESG, remuneration conditions and risks. In another category, Tryg received a special award for its newsletter.
A New ESG Award
The Association’s ESG Prize – sponsored by Dansif – was awarded for the first time to Dr Jane Thostrup Jagd for her work on defining and systematising ESG ratios for use on various platforms. Dr Jagd is the founder and CEO of ESG Insight as source for governmental and scientific news and insights on investor oriented ESG data. She has 25 years of experience in compliance and project management, with a deep interest in data quality and analysis – financial as well as non-financial.
Rasmus Juhl Pedersen, Chairman of Dansif, explained that the award was part of promoting and honouring the accountability and decency necessary for the financial sector to contribute to a more sustainable society.
Ørsted’s Information Prize
According to the information award’s motivation, Ørsted has almost completed the transition from brown to green energy supplier and is planning to shift from its northern European focus to a global one instead. Finansforeningen’s Finance Committee also praised the energy company’s plan to diversify its operations from offshore wind energy to a broader pallet of green energy sources, transport and storage. The awarding Committee found that Ørsted provided a good description of its strategic priorities during its capital markets day and that it followed up on this in the annual report, while further commenting on this in quarterly reports and presentations. The Committee also noted that Ørsted has quantified future growth opportunities with carefully sourced information and that it has followed-up when market estimates have changed.
Representing Ørsted at the ceremony, CFO Marianne Wiinholt explained that the company strives to be at the forefront of financial players’ needs for information. According to the CFO, 2019’s risk analysis focused on ESG and remuneration conditions as well as transparency.
A Special Prize
This year’s Special Prize was awarded to Tryg and Gianandrea Roberti, Head of Investor Relations and VP, in recognition of their newsletters to analysts and investors as well as for their information in the acquisition of Alka Forsikring.
Niels Granholm-Leth, Chairman of the Accounting Committee, commented that the company’s newsletter helped analysts and investors better understand technical aspects of financial statements.
Representing Tryg at the awards, Roberti explained the company strives for a high level of openness and transparency in capital markets.