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 the investments.
The level of risk related to the investments may not impact the Foundation’s capability to maintain active ownership of the Grundfos Group.
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 towards ESG, the investment portfolio (i.e. stocks and bonds) is also closely monitored and measured regarding ESG. A formal agreement has been made with the Grundfos Group Treasury who manages the portfolio on the Foundation’s behalf.
Investment policy targets
- Bonds: min. 40%
- Shares: max. 60%
Split year-end 2025
- Bonds: 42%
- Shares: 58%
The Board of Directors of the Grundfos Foundation is the sole responsible decision-making body concerning the Foundation’s investments.
At the end of 2025, the Foundation’s securities and cash at bank totalled DKK 11.7 billion.
- 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 with its investment secure intellectual property rights, patents and/or technology access.
- In 2023, the Foundation established a direct investment company, PDJF Direct Invest ApS, which has bought a non-controlling stake in TEMcompany ApS and invests through Emerald Global Water Fund.