Danica will be investing in a tailor-made version of BlackRock's Global Impact Fund. The solution handpicks companies that are making a measurable positive impact while also being considered good investments in terms of generating returns. The strategy is classified as an Article 9 product under the EU Sustainable Finance Disclosure Regulation (SFDR).
"Investment is crucial if we are to create a more sustainable future. In our collaboration with BlackRock, we can take another big step forward in our work to create a positive development and solve some of the biggest societal problems in the world," says Ole Krogh Petersen, CEO at Danica.
The investment is in line with Danica's goal to make investments carbon neutral by 2050 and to have invested DKK 100bn (EUR 13.5bn) in the green transition before 2030.
"BlackRock believes that we have only seen the beginning of very significant reallocations of capital as a result of the transition to make investments carbon neutral. It's our ambition to support greater growth in sustainable investment than any other asset manager," says Christian Hyldahl, Head of Continental Europe at BlackRock.
"That is why we are also proud of our collaboration with Danica Pension, which is based on the UN SDGs as an investment theme, for the benefit of Danica Pension's many members and a more sustainable future," Hyldahl adds.