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PFA takes domestic lead on climate goals

Denmark's biggest commercial pension fund pledges to reduce its carbon footprint by 29 percent by the end of 2025. World Wildlife Foundation Denmark is jubilant, while a business professor says the goal "doesn't mean much".

Allan Polack, CEO, PFA | Photo: Stine Bidstrup/ERH

Denmark's largest commercial pension company, PFA, is leaving its competitors in the dust when it comes to the race to save the climate, having accelerated its progress dramatically with new commitments to cut its carbon emissions by 29 percent as soon as 2025.

The 29 percent goal surpasses those of PensionDanmark, Akademikerpension and Danica, which have previously pledged short-term reductions for the majority of their total investment portfolios.

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