To ensure progress with our long-term ambitions, we have set carbon emission reduction targets for five sectors to be met by 2025. This is the key to ensuring a greener future and better companies that can deliver long-term returns on our customers’ pension savings.
Moving away from fossil fuels
Even though society will be dependent on fossil fuels for a number of years to come, it is important that companies act now to curb climate change. As soon as possible, they need to switch from carbon-based energy production to green energy, and they need to reduce the climate impact of their products. This is the key to ensuring a greener future and better companies that can deliver long-term returns for our customers’ pension savings. This is why we are further increasing our investments in the green transition, and why we continue to encourage and influence companies to reduce their climate impact.
Our carbon emission reduction targets ensure that we take climate-related aspects into consideration when we invest our customers’ pension savings. This is how we can contribute to the global climate ambitions and ensure financially secure retirement years for our customers.
- We are a member of the global investor initiative Net-Zero Asset Owner Alliance, which commits us to ensuring that our investments are carbon neutral (net-zero) by 2050 at the latest.
- The net-zero target is aligned with the Paris Agreement’s target of limiting global warming to 2 degrees Celsius and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius.
Spotlight on the top polluters
If the global society is to succeed with the green transition, it is necessary for those companies that emit the most CO2 to transition to greener alternatives as quickly as possible. This is why we have set interim carbon emission reduction targets for the five sectors that account for the largest amount of global CO2 emissions. We believe that this will make the biggest difference for the climate. Towards 2025, the carbon intensity of our investments in these five sectors will be reduced by between 15 percent to 35 percent in relation to 2019 levels.
Carbon emission reduction targets towards 2025
Towards 2025, we will reduce the carbon footprint of our investments in five sectors as follows:
20 % reduction
35 % reduction
20 % reduction
20 % reduction
“We make demands on the most climate-damaging companies in order to make the biggest difference for the green transition. The winners of the future will be those that think and act in a green way. And by getting companies to act responsibly in relation to the climate, we can we take good care of our customers’ pension savings whilst also paving the way for a greener future.” Poul Kobberup, Chief Investment Officer, Danica Pension
Active ownership: a lever to achieving reduced climate impact
We want to take responsibility and contribute to driving the transition and making a real difference. This is why we use our customers’ pension savings as a lever to put pressure on companies in the five sectors to reduce their carbon emissions and to align with the targets of the Paris Agreement. As an investor, this means that we work closely with these companies and support their work to solve their climate-related issues. Active ownership is the key to achieving a climate-friendly future.