Denmark’s AkademikerPension has been ranked top by the World Wide Fund for Nature (WWF) for its green profiles.

WWF’s seventh pension report assessed Danish pension companies’ climate efforts based on six key categories, including green investment goals to policies for exclusion and divestment of fossil investments.

The report shows that significant green progress has been made by Danish pension funds over the past year, and that ambitious green targets have been set for investments in many places. Despite this, the report found that some pension funds are lagging behind.

“Danish pension companies manage Denmark's largest money tank with more than DKK 4trn in assets on behalf of the Danes. The pension sector is expected to turbo-charge the green transition and translate green promises into real action. Many of the companies are well on their way but everyone needs to do more. And then there is a need for the sector to also consider nature and biodiversity in climate work if they are to achieve their goals,” WWF secretary-general, Bo Øksnebjerg, said.

Last year it was PFA that took the top spot, but this year AkademikerPension was ranked top with 15 points. This was followed by PKA with 14 points and P + and Pensam with 13 and 12 points, respectively.

In this year's ranking, you will also find a large middle field, which is now working seriously with climate efforts, but where the green promises need to be translated into ambitious short-term goals and real action that can be seen in the specific investment activities.

This year Øksnebjerg said that there was a large middle field: "This year we see a large middle field in the ranking, where pension companies are increasingly working seriously on climate and have committed themselves to the Paris Agreement's 1.5 ° C target.

“This is positive, but at the same time – despite green strategies – there is a lack of real climate action at several pension companies. This applies not least to the pension companies that come out poorly in the ranking. Here, an ambitious effort is needed to be able to claim that you are actually contributing to doing something about the climate challenges.”

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