26 March 2021
Danica Pension will not invest in companies where more than five percent of revenue comes from coal, tar sands or peat, unless they have a clear phasing-out plan. By 2040, Danica Pension will not invest in these forms of energy to support the Paris Agreement.
Recently, Danica Pension set goals to reduce CO 2 emissions for five key sectors as part of the ambition to have CO 2 -neutral investments by 2050. Now Danica Pension is taking another significant step to support the green transition.
Danica Pension lowers the limit for how large a share of the turnover in a company may come from coal and tar sands. In the future, Danica Pension will only invest in companies where a maximum of five percent of revenue comes from these activities. Previously, the limit was 30 percent. At the same time, Danica Pension introduces a new restriction on investing in companies where more than five percent of revenue comes from energy production from peat. Danica Pension can invest in companies with more than five of the revenue from coal if they have a clear plan to phase out their coal activities in accordance with the Paris Agreement.
In addition, Danica Pension will not invest in companies that expand capacity in tar sands or increase energy production from coal or peat.Source: Danica
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