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EUR 46 billion Danish pension funds are invested in green transition
Despite headwinds, a record-high amount of Danish pension funds are now invested in green transition. Last year alone, Danish pension funds invested around EUR 13.4 billion (100 billion DKK) in green investments, ensuring that Danes’ funds can contribute securely to the global green transition.
5 September 2024
Despite market headwinds, Danish pension funds have continued to increase their investments in green transition. Last year alone, they invested around 13.4 billion euros (100 billion DKK) in green alternatives and technologies, leading to a total of 46 billion euros (343 billion DKK) of invested pension funds aiming to move the needle on green progress.
The continued investments reflect the pension funds’ commitment to ensuring that Danes’ savings contribute to implementation and green technology advancements. The Danish pension funds have managed to invest in a challenging market while still ensuring a safe return on investment.
About the sector’s large investment in green transition last year, Kent Damsgaard, Director of the Danish pension fund F&P, states:
“We have been curious to see the result of our green investment due to financial headwinds and political uncertainties. In this light, seen through green-coloured glasses, it is truly positive that we have managed to find good investment opportunities, increasing our green financial investment by around 13.4 billion euros (100 billion DKK)”
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Commitment to a continued investment in green transition
As the first in the world, the Danish pension industry promised in 2019 to invest an additional 47 billion euros (350 billion DKK) in the green transition before 2030, on top of the 17 billion euros (126 billion) DKK already invested. With the 13.4 billion euros (100 billion DKK) invested last year, the industry is well on its way to reaching this goal. These investments will cover sustainable energy, from wind farms and solar energy to energy-efficient homes.
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