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PenSam sets new carbon footprint targets

Pension fund PenSam is raising the bar in the race to be green taking place in the pension industry. By 2025, the company wants to reduce CO2 emissions generated by its investment portfolios by a total of 44 percent.

Torsten Fels, CEO at Pensam. | Photo: PR/Pensam

PenSam, a Danish pension fund, has released new CO2 emission targets for its investment portfolios, reports Danish financial daily Børsen.

By 2025, the company seeks to reduce its CO2 footprint in its equity portfolio by 50-60 percent, its credit portfolio by 30-40 percent and its real estate portfolio by around 20 percent. Combined, this would result in a total reduction of 44 percent in 2025 compared to 2019 levels.

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