Data problems hamper climate goal financing

The financial sector's efforts to help mitigate climate change are being held back by a lack of data, say Danske Bank and Danmark's largest investor ATP. "As an active investor, we are going in blind," says ATP's ESG chief.

Photo: PR/ATP

The Danish government's goal to reduce CO2 emissions by 70 percent by 2030 is one of the most ambitious targets in the world, and if it is to be met, the financial sector is crucial.

However, almost 12 months since the ambitious goal was accepted by parliament, the large financial players still have technical difficulties which are acting as a bottleneck for green loans and investments.

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