As companies increasingly incorporate Environment, Social and Corporate Governance (ESG) into their operations, transparent and clear ESG communication has become a sought-after commodity for investors and analysts alike.
To acknowledge unique efforts within financial communication, the Danish Finance Society has established a special prize that is given annually. ROCKWOOL is this year’s winner.
“In line with our purpose and values, we have committed ourselves to a fact-based and auditable approach to document how we maximise our products’ impact and minimise the impact of our operations. To support our sustainability targets, we started to host quarterly investor calls solely dedicated to ESG topics”, says Kim Junge Andersen, Chief Financial Officer at ROCKWOOL Group.
ROCKWOOL is the first company in the Nordic region to host quarterly ESG calls. When describing the motivation for highlighting ROCKWOOL, the Danish Finance Society points to ROCKWOOL’s ESG calls as being an important factor.
“ROCKWOOL pioneers financial communication by proving that it is possible to integrate ESG in their business model as well in the communication with all their stakeholders, including analysts and investors”, says Thomas Steen Hansen, member of the Accounting Committee of Danish Finance Society. “This special prize recognizes ROCKWOOL’s outstanding efforts in communicating ESG in a transparent and tangible way”.
The Danish Finance Society deems ROCKWOOL’s quarterly ESG presentations to be relevant, fact-based and to provide an in-depth insight into how the company works with ESG. Further motivation for the special prize includes the fact that ROCKWOOL provides an overview of the concepts and definitions used in the climate debate, while also taking stock of the international climate regulation and the EU Taxonomy.
On receiving the special prize, Kim Junge Andersen says, “It’s an honour to receive the prize, and it’s been gratifying to see the level of interest our ESG calls generate. We consider the prize to be good evidence that we are meeting a need from the investor and analyst community”.
See video interview with CFO Kim Junge Andersen here.
ROCKWOOL ESG calls
ROCKWOOL started to host ESG calls in 2019, with each call focusing on a particular ESG-related theme. The calls include sufficient time for investors to ask in-depth questions. ROCKWOOL’s next ESG call will be June 8, 2021. See more here.
The Danish Finance Society
CFA Society Denmark – "Finansforeningen" in Danish - encompasses approximately 1400 members working in many different functions in the financial sector and dealing with investment and finance. Members include those from other professions such as lawyers, accountants, consultants, and employees in companies that provide products and services to the financial sector.