Towards 2030, the pension company ATP will invest 200 billion kroner in the green transition. The ambition is to reach 100 billion kroner by 2025. This is stated by Denmark's largest pension company in a press release.
There is "simply no way to not do it", says Bo Foged, ATP's CEO, in the press release.
- Firstly, it is obvious to everyone that the climate on the planet needs a green transition and concrete action now.
- Secondly, the green transition will be a fantastic opportunity to create good returns over the next many years. This is not least because new business solutions to existing climate challenges must be found within many sectors, says Foged.
It is not clear how many green billion kroner the company has invested today. Bo Foged calls it "an ambitious challenge".
The Danish pension industry also has green ambitions
According to the business media Finans, ATP's climate initiative comes after the rest of the Danish pension industry committed to investing DKK 350 billion in green transition in 2019 towards 2030.
The companies already had DKK 125 billion in green investments. Therefore, they must increase this to DKK 475 billion. DKK in 2030. They are reasonably ahead of that target at present, writes Finans.
As part of the plan, ATP will also set requirements for the companies in which ATP invests. They must report on their CO2 emissions as early as 2025.
- It must be possible to measure how much you burden the climate – and therefore whether ATP's climate footprint from the portfolio reaches the ambitions of CO2 neutrality in 2050 and 70 percent reduction in 2030, writes the pension company.
There are around 5.4 million people in Denmark who have pension savings with ATP. ATP is a collective pension insurance. The principle is that you yourself and your employer or the state pay into your pension in ATP. You pay contributions to ATP from your salary or transfer income. This can be unemployment benefits or cash benefits.
ATP has a total pension asset of DKK 925 billion.
Ritzau
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