EnergyWatch

A part of Watch Media

ATP pursues optimal climate effect: The future's green winners may be black today

The Danish pension fund is now shifting its investment approach and says it would be better for the climate and returns if pension savings were to be invested in power utilities working intensely on climate adaption yet for which green objectives remain further on the horizon.

"If we wanted to appear greener, then we ought to completely drop power utilities or only pursue those that already are very green. We think we can achieve more with a different approach," says ATP Head of Liquid Markets Christian Kjær. | Photo: PR/ATP

BY JETTE AAGAARD

Denmark's state-owned labor market pension fund, ATP, will henceforth aim to invest in power utilities intensely working toward climate adaption – even when such companies still have a long way to go before reaching their goals. That's why ATP could be at risk of appearing blacker in the short term.

The fund's objective is to achieve the greatest possible effect on reducing global greenhouse gas emissions through its investment activities.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

  1. Falling demand could severely affect Tesla's bottom line
  2. OPEC Secretary-General dead at 63
  3. MEPs criticize plan to continue investing in oil and nuclear power
  4. Oil steadies near USD 100 after plunging on recession concerns
  5. Ocean Winds plans 2GW of wind energy in Scotland
  6. Norwegian government steps in, halts brief oil sector strike
  7. Vestas will pay abortion costs for US employees
  8. Polish government proposes to ease restrictions on onshore wind
  9. Siemens Gamesa wins order for 75MW in South Korea
  10. Boralex acquires 388MW of energy assets from Infinergy
  11. OX2 set to manage 90MW onshore wind in Finland
  12. Postponement of Danish energy island tender now official
  13. EUDP-financed project to bring turbine blades to market faster
  14. Oil prices in modest decline despite Norwegian strike
  15. Vestas receives EUR 475m loan from EIB for technology development
  16. Nordex secures Polish order for 58MW
  17. Swedish e-methanol project obtains building permit
  18. Uniper negotiating EUR 9bn bailout with German state
  19. Norwegian oil sector strike could lower gas exports by 13%
  20. ATP invests additional DKK 400m in battery maker Northvolt

See all

Job

See all jobs

See all jobs