Tender for a Contract on the delivery of ESG data and a screening tool to ensure compliance with ESG guidelines

Description

​​​​​Danmarks Nationalbank (hereafter the contracting authority) is the central bank of Denmark and is a self-governing, independent institution. The independence of the contracting authority is incorporated into the Danmarks Nationalbank Act from 1936, in that the bank's Board of Governors is solely responsible for determining monetary-policy interest rates. the contracting authority's three main objectives are to contribute to ensuring stable prices, safe payments and a stable financial system. Lot 1: Climate change is impacting society already today, and will have further consequences in the future. In order to address any material impact on these objectives of climate change and the transition, the contracting authority is assessing how the transformations will impact the economy and financial system. The contracting authority is with this contract committed to integrating climate-related financial risks into its monitoring and assessment of risks to the financial system and to build capacity around data on environmental, social, and governance factors in companies, i.e. ESG data. The contracting authority manages the Danish foreign exchange reserve. The reserve mainly consists of Euro-denominated money market instruments and liquid bonds. A smaller part of the reserve is invested in European or US equities and corporate bonds. The contracting authority is a passive investor who targets broad indices. The investments need to comply with principles for responsible investments (ESG guidelines) that outline certain exclusion criteria. For this reason, the contracting authority needs a screening tool to easily screen its portfolio for compliance with ESG guidelines. The Supplier shall with this contract deliver relevant ESG data as specified below: • ESG data should cover securities to the greatest extent possible, at national (Denmark) and international level, including, but not limited to, the following investment universes: • Fixed income • Equities • Funds • ESG ratings should be provided at the ISIN level to ensure unique identification • Access to all of the underlying data feeding into the ESG ratings, as well as to a decomposition of the E, S and G components and scores • Greenhouse gas emissions (scope 1, 2 and 3) and greenhouse gas intensities • Forward-looking climate data such as, but not limited to, temperature alignments (e.g. implied temperature rise, warming potential, Paris alignment) • Historical ESG data including ESG ratings and greenhouse gas emissions (scope 1, 2, and 3) • Reference to the original source of the data indicating whether the data are estimated by the data provider or collected from a company’s annual report or other financial reports, as well as the financial year. Upon availability data should cover: • Derivatives (via LEI identification codes) • Unlisted equities (via LEI identification codes) The contracting authority needs a screening tool that easily screens the Danish foreign exchange reserve’s portfolio according to principles for responsible investments including exclusion criteria. The Supplier shall ensure that the underlying sources of data used in the screening model, which the contracting authority will use to screen the Danish foreign exchange reserve portfolio, is based on valid and high-quality data. It shall be possible for the contracting authority to upload a large portfolio of companies from a list of ISIN's, Bloomberg tickers or similar, from a .txt or .csv-file, in order to perform a company level assessment including, but not limited to, the following: • Involvement in cluster munitions, landmines or chemical- and biological weapons • Conflicts with UN Global Compact • Breaches of the Non-Proliferation Treaty • Involvement in coal, oil, and gas, both conventional and unconventional • Greenhouse gas emission intensity, scope 3 included • The degree to which the company manages material risks related to a transition to a low-emission economy • The degree to which the company’s (or companies contained in an index) activities and emission targets are aligned with the temperature scenarios set forth in the Paris Agreement. The Supplier has explained how the assessment links to, or builds upon, industry standards, e.g. GHG Protocol, TCFD etc. for each area.