AMWatch

Academic pension CEO: Climate investments not moving according to plan

The climate related portfolio at Denmark's MP Pension has barely been touched since Chief Investment Officer Niels Erik Petersen departed in the spring. "Not satisfactory," says CEO Jens Munch Holst.

Jens Munch Holst, CEO of MP Pension | Photo: Thomas Busk

"It's true that we're not yet there, before we've fulfilled our aim of investing DKK 5 billion (EUR 670 million) targeted at climate related investments," says MP Pension Chief Executive to AMWatch, in a conversation about the academic pension fund's plans to invest in climate related products and projects.

In early May MP Pension had invested about DKK 250 million in what the penson fund calls the "Climate-delta portfolio". The plan is to invest some DKK 5 billion over five years for the pension fund, which had total assets of some DKK 121 billion at the end of June.

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