Many pension companies are queuing up to invest in green companies, but not ATP. Here the focus is different, and they are not afraid to invest in black energy companies, as long as the companies have an ambition to become greener, writes Finans.dk.
- If we want to win a beauty contest to be the greenest, we just have to sell the climate sinners and buy the companies that have converted. But we want to make a real difference to global greenhouse gas emissions and at the same time create greater returns, says ATP's CEO Bo Foged.
The black investment profile was launched last year. Analyses showed that 70 percent of the CO2 footprint came from utilities, which only accounted for six percent of the value. However, the analysis showed that it would be bad for the return to drop the companies. In the Danish context, the calculations showed that it would be a better business to invest in a black company like the Dong of the past than the Ørsted of today. Several green NGOs criticize ATP for the approach. Just as SF has proposed to prohibit ATP from making investments in utilities where oil, coal and gas are dominant in the turnover, writes Finans.dk.
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