Pension funds
Nordic pension funds must divest from fossil fuels
The Nordic region has the third-largest pension market globally, trailing only the US and Japan. If Nordic pension funds divest from fossil fuels, the global impact would be significant.
Recent research by the Nordic Center for Sustainable Finance reveals that Denmark’s 16 largest pension funds have invested 25 billion DKK in coal companies and companies expanding oil and gas operations. The research also exposes a stark contrast between green leaders and laggards within the Danish pension sector.
We hold the financial sector accountable by scrutinizing Nordic pension fund investments and exposing their continued support for fossil fuel companies. Through dialogue and activism, we push for change in their investment policies.
Pension funds are entrusted with the savings of millions, and these funds should not fuel climate chaos.
RESOURCES
DANISH PENSION FUNDS' CLIMATE BETRAYAL
October 2023
This reports uncovers that 16 Danish pension funds have invested almost 25 billion DKK in the worst fossil fuel companies and their extraction of coal, oil, and gas. It also highligst significant differences in the climate behavior of the Danish pension funds. While PFA and Danica together account for 42% of the sector's most polluting investments, AP Pension and AkademikerPension only account for 1.3%.
DANISH PENSION FUNDS' TICKING CO2 BOMB
October 2022
Danish pension funds are investing billions in 93 oil and gas expansion projects.
THE CLIMATE FAILURE OF THE DANISH PENSION SECTOR
February 2022
This report uncovers how the 16 largest Danish pension funds have invested 46 billion DKK in fossil fuel companies.