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.
2021 Announcements
- Nordic & UK
At COP26 in Glasgow, a collective financial commitment of US$130 billion was announced by CEOs of Nordic and UK pension funds, to be invested in clean energy and climate investments by 2030. As part of this commitment, pension funds will also report annually on the progress of their climate investments.
The Climate Investment Coalition (CIC) is pleased to communicate this commitment from asset owners in Sweden, Norway, Finland, Denmark, Iceland, the Faroe Islands and the UK, in an aim to contribute to increasing global climate ambition and spur the global uptake of climate investments for the green transition by 2030. In addition, a pension fund from Greenland has declared its support.
Committing Nordic & UK Pension Funds 2019-2021
AkademikerPension | Alm. Brand | Almenni Pension Fund | AP Pension | ATP | Bank Employees’ Pension Fund | Birta Pension Fund | Brú Pension Fund | Danica Pension | Environment Agency Pension Fund | Festa Pension Fund | Frjálsi Pension Fund | Gildi Pension Fund | Greater Manchester Pension Fund | Ilmarinen Mutual Pension Insurance Company | Industriens Pension | KLP | Lærernes Pension | Lífsverk Pension Fund | Lív Group | LSR - Icelandic Pension Fund for State Employees | Merseyside Pension Fund | NEST Corporation | Norli Pension | P+ | PBU | PenSam | PensionDanmark | Pension Fund of Commerce | PFA | PKA | Sampension | Skandia | SL The General Pension Fund | SPP Pension & Försäkring AB | Stapi Pension Fund | Storebrand Group | The Pension Fund for Reykjavík City Employees | TopDanmark | Varma Mutual Pension Insurance Company | Velliv
The US$130 billion committed towards climate solution investments by 2030 is made by leading covers pledges from Danish, Nordic and UK asset owners. A key criterion for membership of the Coalition is the annual reporting to ensure that the financial commitments will be converted into actual investments. The reporting done until now reveals strong progress.
