Danske Bank AM sets stricter constraints on fossil fuels

The tighter restrictions will essentially strengthen Danske Bank AM's ability to mitigate risks and unlock opportunities associated with the low-carbon transition, says Christian Heiberg, head of Danske Bank Asset Management.

Christian Heiberg, Head of Asset Management at Danske Bank. | Photo: Danske Bank/PR

Danske Bank Asset Management has implemented stricter investment restriction criteria on thermal coal and tar sands by lowering its threshold from 30 percent to 5 percent of revenue. In addition, it will no longer invest in companies deriving more than 5 percent of their revenue from peat-fired power generation, the company announces.

The enhanced restrictions are part of the company's commitment to phasing out investments in companies involved in the three fossil fuel types by 2030 in the EU and OECD and by 2040 in the rest of the world, in line with the requirements of the Paris Agreement.

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