Lífeyrissjóður bankamanna increases green investments

3 November 2021

Lífeyrissjóður bankamanna has, together with 12 other Icelandic pension funds, signed a memorandum of understanding with the international organization Climate Investment Coalition (CIC) on greatly increased investments in projects related to clean energy and environmentally friendly solutions until the year 2030. At the United Nations in Glasgow, the 13 pension funds join the ranks of a number of Nordic and British pension funds that have issued similar statements. Particular attention will be paid to sustainable energy production and related projects, such as increased use of clean energy in transport and business.

By participating in CIC, the Bankers’ Pension Fund wants to support the goal of reducing global greenhouse gas emissions, and participation is part of the fund’s policy on responsible and sustainable investment. Green investments already amount to ISK 4.7 billion or 4.8% of the fund’s portfolios. The fund’s green investments are expected to increase by over ISK 10 billion during the period, and the aim is for the proportion of green investments to reach at least 10% of assets by 2030.

Source: Lífeyrissjóður bankamanna