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Danish state pension fund to categorize companies based on new climate goals

ATP has long been moving in a climate friendly direction, but had not set concrete goals, says CEO Bo Foged. Now, however, the goal has been set, and the pension company has a huge task ahead when it comes to characterizing firms based on international standards.

ATP CEO Bo Foged | Photo: PR/ATP

Danish state labor market pension fund ATP has pledged to invest DKK 200bn (EUR 27bn) in sustainable assets by 2030. This will be a tough challenge, as the EU taxonomy and disclosure regulation for green investments is not yet in place, but it cannot wait, Bo Foged, CEO at ATP, tells AMWatch's sister media FinansWatch.

"One of the biggest challenges is actually data. We cannot wait – and the planet cannot wait – for these EU definitions to be finished. So we must therefore start my creating our own characterization systems, be transparent about it, and then adjust once the EU regulations are in place," says Foged.

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