AMWatch

Light at the end of the tunnel, says Greenpeace on ATP's plans to reduce coal investments

ATP is heading in the right direction with its initiative on pushing utilities in a climate-friendly direction, says Greenpeace. However, the environmental organization maintains that it takes extra efforts for the pension fund to live up to its climate-related responsibilities.

It is a step in the right direction now that Copenhagen-based pension fund ATP requires plans from coal-burning utilities to become more climate-friendly, states Greenpeace.

"In making this statement, ATP has set a tolerance to when they consider opting out of coal investments for the first time ever. The new threshold on the most climate-damaging of all fuels shows that there is light at the end of the tunnel for the Danish pension fund," says Jens Mattias Clausen, climate political advisor at Greenpeace, in an e-mail to AMWatch's sister site, FinansWatch.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Savills IM working hard on first Nordic residential investment

The global property investor has plans to expand its growing portfolio in Denmark with a new asset class, residential real estate, "very soon," says Head of Nordics Peter Broström. The manager still believes in the office and retail sectors, despite the pandemic and rising inflation.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch