17 February 2022

Code of conduct

We create tomorrows – with long-term sustainability

PRI Pensionsgaranti is a mutual insurance company and our clients are also our owners.

We secure and administer pensions and foundations and also offer related services. By securing pensions with the book reserve method, the company retains its pension capital and can invest in its own business. This is both a cost-effective way to secure pensions and a way to strengthen companies and their competitiveness. It contributes security for the companies’ employees and retired employees, as well as sustainable growth for the companies. We also administer employee foundations which, with good returns, have a positive impact on companies' pension costs.

As a well-consolidated, mutual company, we are able to act with a long-term in our customers’ best interests. This creates credibility and the basis for a good business relationship. We are solution-oriented and constantly strive to improve and make things simpler for our customers. We take the initiative by proposing our services. We have an active and committed approach, both internally and in our dealings with customers. We work together internally and with our customers to find the best and most effective solutions. This creates customer value and business advantages.

Through our independence, long-term vision, quality, and unique expertise, we are able to ensure the entire chain required for sustainable solutions. In doing so, we create value for both people and organisations.

Wide-ranging assumption of responsibility

Our sustainability work is long-term and has a clear focus on tomorrow. In addition to our business idea, sound business ethics and environmental concerns are important to us.

Our code of conduct

The code of conduct captures our view on sustainable development and summarises the PRI Group's fundamental values. It is addressed to employees, retained consultants, and the board of directors, and applies equally to all of them. The following should be particularly emphasised:

  • Relationships with customers, employees, and other stakeholders shall be characterised by security, a long-term view, and assumption of responsibility.
  • PRI Pensionsgaranti’s customers are also the owners of the company, and the company's goals and activities shall benefit them. 
  • We shall be well-informed of the legal requirements which apply to group companies' business and always comply with these requirements.

We want to contribute to sustainable development since doing so creates value for PRI and society as a whole. The sustainability issues shall be integrated into the entire group – both in terms of asset management and the business in general. 

Code of conduct

The code of conduct is the basis for PRIs's sustainability work.

Sound business ethics

  • Our work with customers, employees, and other stakeholders is based on sensitivity, respect, and transparency.
  • We follow applicable laws, rules, and standards. Our communication is open and correct within the parameters of appropriate business confidentiality.
  • All employees are required to avoid conflicts of interest between private financial issues and the company's business activities.
  • Gifts and other benefits may be part of expected hospitality, but must be consistent with legislation and characterised by sound ethics and judgment.
  • We neither accept nor receive bribes, nor participate in corruption, fraud, or other financial irregularities.
  • Information which is likely to have an impact on prices and which is not in the public domain may not be communicated, either internally or externally.
  • Our starting point is that the companies in which we hold shares comply with legislation and international undertakings in respect of the environment, social responsibility, and ethics, and also combat corruption, for example pursuant to the Ten Principles of the UN Global Compact.
  • Our investment portfolio shall be regularly screened in respect of ethics and sustainable development. We take relevant measures if we discover deviations.

People, work environment, society, the environment, and suppliers


  • We support and respect internationally recognised human rights as expressed in the Universal Declaration of Human Rights.
  • We treat all employees fairly, with dignity, and with respect.
  • We do not treat anyone differently on the basis of religion, gender, age, disability, sexual orientation, nationality, political opinion, social background, trade union membership, or ethnicity.
  • We support diversity and work actively towards equal opportunity.
  • We do not allow child labour, illegal labour, or forced labour.
  • We are subject to the collective agreement in the industry regarding wages and general terms of employment. 
  • We work preventively and systematically to ensure that the physical, psychosocial, and organisational work environment is sound and safe.
  • We work actively with health and safety at the workplace and have a goal of zero-tolerance in respect of accidents.
  • We offer employees the opportunity to develop their health as well as their qualifications and skills.
  • We facilitate combining gainful employment with parenthood and family life for both women and men who we employ.


  • Through our business idea and operations, we contribute to the growth and competitive strength of our customer companies and, at the same time, create security for the company's employees – sustainable social development.
  • We are open for cooperation and projects with schools, universities, research institutions, and networks.
  • When cooperating with organisations, we prioritise those which share our values and which benefit society.
  • We adopt a neutral position on party politics and religious issues. The company name and company financial resources may not be used in these contexts.

The environment

  • We support the Paris Accord.
  • We work continuously to integrate sustainability, quality, and cost-effectiveness as a natural part of our business operations.
  • We endeavour to accommodate, in good time, environmental requirements and wishes from customers, employees, and other interested parties.
  • We strive to take sustainability into account when selecting suppliers, products, services, and technology solutions.
  • We use water, energy, material, and other natural resources efficiently with sound management and a focus on sustainable development.
  • We take environmental issues into consideration when we travel.


  • We endeavour to cooperate with suppliers who embrace our code of conduct. We expect that they, in turn, transmit the values along their supply chains.

PRI's code of conduct is based on international conventions and guidelines including, among others, the UN Global Compact and ISO 26000 – Guidance on Social Responsibility.