Danish finance heavyweights divided on climate matters
With a new climate plan, Danske Bank means to exclude companies generating more than 5 percent of their revenue from coal. State pension giant ATP accepts up to 50 percent coal in utility companies' energy mix.
BY JAKOB MARTINI
With a new climate policy, Denmark's Danske Bank dials up on its green ambitions and prepares to drop loans and investments in companies working with coal. The country's largest private bank thereby goes in the opposite direction to that of its biggest pension company, ATP, which holds that both returns and climate effects are lost if coal firms are automatically excluded.
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