Danske Bank's pension company is investing DKK 1bn (EUR 130m) in an investment offering developed by BlackRock which supports the UN sustainable development goals.
With a new type of project financing, PKA, PenSam and Storebrand's joint investment platform, AIP, will try to find an attractive gap in the force field of tightening competition among lenders and the decreasing availability of subsidies for renewable energy projects.
Institutional investors CVC Capital Partners, LocalTapiola, Ilmarinen and Varma have been in touch with a Finnish health care chain they own after reports that an autistic child had been mistreated at its facility emerged. AMWatch has spoken to the key investors.
While commercial pension fund SSP was awarded a green-light ranking, and Folksam welcomed its subsidiary KPA into the amber fold, Söderberg & Partners downgraded Alecta's sustainability efforts to the lowest level in its latest report.
Nordic banking giant DNB has brought people within investment management, fund selection and portfolio construction together in a new hub to unify its investment offering throughout the organization. "It's all about creating a unit that can develop solutions to clients going forward," the unit's leader Truls Tollefsen tells AMWatch.
Danish pension funds are under fire for their investments – specifically, for offering sustainable pension savings products which are investing in two of the biggest financers of the fossil fuel industry. These two US banks have invested several hundred billion dollars in the fossil fuel industry since the Paris Agreement was signed in 2015.
The Swedish pension fund maintains that it follows the recommendations from the AP-funds' joint Ethical Council but adds that an ongoing analysis of its sustainability work might result in portfolio changes next year.
Swedish national pension fund is said to have invested up SEK 1bn (EUR 100m) in 15 blacklisted firms, according to new research by domestic public service media.
LaSalle has taken over 270 residences in Copenhagen from P+. This is the second time recently that the Danish pension fund divests real estate.
The Norwegian pension investor is backing the Climate Investor Two fund, having previously invested EUR 40.5m (NOK 400m) in Climate Investor One.
After setting the goal of being carbon neutral in 2050 this spring, PBU has now released interim targets for its green journey.
Danish pension company will only include companies in its portfolio that pay a minimum 15 percent tax rate from now on. IBM has been put on the pension fund's watchlist.
One Danish NGO calls it "very problematic" that the pension fund still invests in companies that extract oil from tar sands. However, LD Pension's head of equities says that it if they divested, a new owner would simply take over.
Industry association for Denmark's insurance and pension companies can see huge opportunities in charging stations for its members, but thinks there needs to be a rethink in terms of how investments can be made.
The other anchor investors in the public-private partnership include the Nordic Development Fund, the Governments of Germany and Luxembourg, Allianz and European Investment Bank.
Danish pension giant PFA has bought two properties from domestic pension firm P+, which is continuing to divest properties worth millions of Euros in favor of bonds.
Head of Alternative Investments at AMF Katharina Romberg says there are several reasons behind the possible sale of Oslo Areal, including the favorable market conditions.
Things slowed down a bit for KLP Kapitalforvaltning in Q3, but CEO Håvard Gulbrandsen is still very happy with the inflow from external customers.
A real estate investment in central Stockholm has finally fallen into place.
AkademikerPension's assets exceeded DKK 150bn (EUR 20bn) for the first time.
During the third quarter, the asset management arm of Norway's largest pension company experienced a net outflow from the mutual funds, that its managing for its parent company, Kommunal Landspensjonskasse (KLP). Net inflows from external customers fell compared to the second quarter. (corrected)
Investment manager AIP has hired two former Vestas executives to its director team as it expands its presence in Spain.
The new premium pension board, which will be responsible for the revamped version of Fondtorget with EUR 190bn in savings capital, is now scheduled to begin operations in June 2022, after a six month delay.
For emerging markets to achieve net-zero emissions by 2050, more investments are needed. At BlackRock, Head of Nordics Elisabeth Sterner hopes that the world's largest asset manager can develop more sustainable products with Nordic investors, who she says are "really at the forefront in terms of sustainable investing."
Norway's largest pension company has sold holdings totaling USD 147m in companies due to their links to unconventional weapons such as nuclear armaments.
