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Danish investment funds commit to 75-percent CO2 reduction by 2030

As the first investment trade association in the world, the Danish Investment Association now sets an emissions reduction target for domestic savers' DKK 1trn managed by investment funds.

Peter Kjærgaard, CEO at Nykredit Wealth Management and chairman of the Danish investment fund Association, Investering Danmark. | Photo: Stine Bidstrup/ERH

On behalf of its members, The Danish Investment Association Tuesday announces its ambition to reduce the CO2 footprint of DKK 1trn (EUR 134bn) in private money managed by investment funds.

"Achieving the [Danish] government's 70-percent CO2 emissions reduction target by 2030 is a joint effort. That's why we, as the the first investment trade association in the world to do so, commit to reducing the carbon footprint of Danish private investments by 75 percent in 2030 relative to world equity index (MSCI ACWI) today," says Peter Kjærgaard, CEO at Nykredit Wealth Management and chairman of the Danish investment fund Association, Investering Danmark.

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