In addition to its dividend income from Grundfos, the Foundation invests its liquid reserves. The Foundation invests in securities (bonds, equities and mutual funds) to ensure a long-term return on investments.
Investment policy
The Foundation wishes to contribute to sustainable development, which also means investing under a specific ESG policy, where both ethical principles and ESG principles for investments are determined, including investments under the UN Global Compact principles.
As part of the investment focus on ESG, the investment portfolio (i.e. shares and bonds) is also closely monitored and measured regarding ESG. A formal agreement has been made with Grundfos Group Treasury, which manages the portfolio on the Foundation’s behalf.
Investment policy targets
- Bonds: min. 40%
- Shares: max. 60%
Split year-end 2024
- Bonds: 44%
- Shares: 56%
The Board of Directors of the Grundfos Foundation is the sole responsible decision-making body concerning the Foundation’s investments.
At the end of 2024, the Foundation’s securities and cash at bank totalled DKK 10 billion.
- In 2024, the Foundation established the holding company PDJF A/S, which will build and own the future Grundfos headquarters in Bjerringbro.
- See also: Shares in Grundfos
Other investments
The Foundation may, extraordinarily, and upon approval by the Board of Directors, invest in incubator-like technology companies that may eventually provide a commercial advantage for Grundfos. Such investments must be made upon request from or in consultation with the Grundfos Group, and the Foundation must secure intellectual property rights, patents and technology access with its investment.
- In 2023, the Foundation established a direct investment company, PDJF Direct Invest ApS, which has bought a non-controlling stake in TEMcompany ApS.