A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
First year tracking of the Danish pension fund commitment towards USD50 billion in green investments by 2030
Insurance & Pension Denmark CEO, Ken Damsgaard reported that Danish pension funds have invested $8 billion in green projects since the 2019 Climate Action Summit in New York. This far exceeds earlier expectations and could lead to Danish pension funds reaching their $50 billion green investment target three years ahead of schedule.
The Leading Global Public-Private Partnership Mobilising Ambitious Financial Commitments for Climate Solution Investments by 2030
The Climate Investment Coalition (CIC) is founded by the Government of Denmark, Insurance & Pension Denmark, the Institutional Investors Group on Climate Change (IIGCC) and World Climate Foundation as the leading global public-private partnership mobilising ambitious financial investments towards clean energy and climate solutions now and in the coming decade.
In 2021, with support from the Nordic Council of Ministers, the Climate Investment Coalition convened leading institutional investors, governments and other stakeholders in climate finance to help mobilise a total collective commitment of US$130 billion from Nordic and UK pension funds to be invested in clean energy and climate investments by 2030.
The Climate Investment Coalition is led by a public-private sector Steering Committee and a Secretariat who is responsible for the implementation of CIC’s key working tracks and activities.
2019
US$55 billion commitment to green investments in clean energy made by Danish pension funds, to be invested by 2030 and reported on annually
2021
US$130 billion collective commitment announced at COP26 from pension funds in Denmark, Norway, Sweden, Finland, Iceland, the Faroe Islands and the UK to be invested by 2030 and reported on annually
2022
Announcement of Nordic pension funds being on track to meet their commitment targets. Presentation of best practice cases and recommendations to governments for investments in emerging markets and developing economies.
2023
Continued outreach and commitments for climate investments by 2030 from the UK, EU, US and other. Reporting on progress from the US$130 billion collective commitment.
Founding Partners of the Climate Investment Coalition
The Ministry of Climate, Energy and Utilities, works towards the Danish Government's target of 70 per cent reduction of greenhouse gases in Denmark by 2030 and the visionary green leadership both at home and abroad. It is a work that crosses many ministerial areas - and it is a work that is characterised by positive energy, social responsibility and meaning every day.
The Institutional Investors Group on Climate Change (IIGCC) is the European membership body for investor collaboration on climate change and the voice of investors taking action for a prosperous, low carbon future. IIGCC has more than 230 members, mainly pension funds and asset managers, across 15 countries, with over €30 trillion in assets under management.
Insurance & Pension Denmark (IPD) is the voice of the Danish insurance companies and pension funds, representing 92 insurance companies and pension funds operating in the Danish market. The Danish pension funds hold more than Euro 400 billion in investments in Denmark and abroad. The total pension savings in Denmark is equivalent to 144 per cent of the national gross domestic product.
The World Climate Foundation's mission is to facilitate the economic transition to a net-zero, nature-positive and healthy planet through cross-sector dialogue, inspirational partnerships and investments in sustainable solutions. The vision is a decade from 2020 to 2030 where climate and sustainability commitments are transformed via actions into impact that align with the required outcomes of the Paris Agreement on Climate Change and the Sustainable Development Goals.