Ministry of Finance (Denmark)

Climate Investment Coalition (CIC) Announcement: US$130 billion in collective commitments towards clean energy and climate investments by 2030 mobilised by Nordic & UK pension funds

Retrieved on: 
Tuesday, November 2, 2021
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As part of this commitment, pension funds will also report annually on the progress of their climate investments.

Key Points: 
  • As part of this commitment, pension funds will also report annually on the progress of their climate investments.
  • In 2019, Danish pension funds committed to invest 55 billion dollars in the green transition by 2030.
  • I am proud that we have inspired others and that Nordic and UK pension funds are now ready to invest 130 billion dollars in total by 2030.
  • Committing pension funds in 2019: Members of Insurance & Pension Denmark
    Committing pension funds in 2021: Almenni Pension Fund, ATP, Bank Employees' Pension Fund, The Pension Fund for Reykjavk City Employees, Birta Pension Fund, Br Pension Fund, Environment Agency Pension Fund, Festa Pension Fund, Frjlsi Pension Fund, Gildi Pension Fund, Greater Manchester Pension Fund, Ilmarinen, KLP, Lifsverk Pension Fund, Lv Group, LSR - Icelandic Pension Fund for State Employees, Merseyside Pension Fund, Nest Pension, Pension Fund of Commerce, Skandia, SL The General Pension Fund, SPP, Stapi Pension Fund, Storebrand Group, Varma Mutual Pension Insurance Company.

Denmark's Financial Sector Reports Major Progress in Reaching their Climate Targets for 2030: Climate Investment Coalition

Retrieved on: 
Tuesday, September 7, 2021

A crucial element of the Climate Investment Coalition is its engagement to report and track the financial commitments on a yearly basis, as well as sharing best practice investment cases and strategies for climate investments.

Key Points: 
  • A crucial element of the Climate Investment Coalition is its engagement to report and track the financial commitments on a yearly basis, as well as sharing best practice investment cases and strategies for climate investments.
  • The Climate Investment Coalition is an initiative between the Danish Ministry of Climate, Energy & Utilities, Insurance & Pension Denmark, Institutional Investors Group on Climate Change (IIGCC), Finance Denmark, and World Climate Foundation.
  • "The Climate Investment Coalition is bringing both ambition and real impact through financial commitments for climate solutions by 2030.
  • The Climate Investment Coalition is a public-private partnership between the Danish Ministry of Climate, Energy & Utilities, Institutional Investors Group on Climate Change (IIGCC), Insurance & Pension Denmark, Finance Denmark, and World Climate Foundation.