AP Pension doubtful about climate alliance: "There are more questions than answers"

The Danish pension fund has not decided whether it should join the climate alliance and commit itself to climate neutrality by 2050. There are a lot of uncertainties, says the CIO, who instead focuses on the pension company's 2023 and 2030 goals.

Ralf Magnussen, AP Pension. | Photo: AP Pension/ PR

It is impossible to know how the transition to a greener society will have developed in 30 years. It is therefore hard to commit to the Net-Zero Asset Owner Alliance, says AP Pension, which has discussed the alliance at its committee for societal responsibility.

"We are very sympathetic to the goal of carbon neutrality by 2050, but we also need to ask ourselves how a goal that is 30 years in the future impacts us. What do we need to do to achieve something that is so far out in the future, and how will we measure whether we are on the right track? At the moment, we think there are more questions than answers," says Ralf Magnussen, CIO at AP Pension, to AMWatch's sister site FinansWatch.

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