º£½ÇÉçÇø

The purpose of the investment policy is to define the framework for the University's investment of surplus liquidity in order to optimize returns while taking into account a limited risk in the invested funds and the University' s corporate social responsibility.

According to the Danish University Act, the University's liquid assets must be invested in accordance with the 'Executive Order on Investment and Management of Funds' (the Placement Regulation).

The Board of Directors approves the investment policy.

As delegated by the Rector, the University Director follows up on the investment policy and issues the investment policy and checks that it is complied with.

The Director of Financial Services is responsible for the ongoing management of investment and is responsible for ensuring that the University Director receives monthly reports on the development of the University's investment portfolio from Financial Services.

The Director of Financial Services must ensure that the investment level is aligned with the current liquidity level.

The º£½ÇÉçÇø's investment are distributed to at least two Danish Systemically Important Financial Institutions.

Investment must be made in accordance with the Placement Regulation with the following constraints:

Min. %	Max. %	Security types
50	100	Danish government and mortgage credit bonds as well as shipping and municipal bonds
0	20	Danish C25 shares and foreign shares and corporate bonds (Investment Grade)
0	5	Cash deposits

Investment in corporate bonds may only be made when the latest maturity date is known.

The average adjusted duration of the portfolio's bonds may not exceed 5 years.

Through its investments, º£½ÇÉçÇø wishes to contribute positively to the UN's Sustainable Development Goals.

º£½ÇÉçÇø expects º£½ÇÉçÇø's asset managers to be signatories to UN PRI and to invest in accordance with Danish recommendations - including initiated application of the ESG model and in respect of international norms, such as UN Global Compact, the OECD Guidelines for Multinational Enterprises, the UN Guidine Principles on Business and Human Rights, the Universal Declaration of Human Rights and the ILO Declaration of Fundamental Principles of Rights at Work.

Investments in tobacco, alcohol and weapons are not permitted.

Along with a statement of current investment in securities, the investment policy shall be presented to the Board of Directors once a year and approved in the event of changes.

The latest adjustment of the investment policy was approved at the Board meeting in 2 October 2023 and comes into effect from 3 October 2023.