- Danish pension company P+ has invested DKK 300m in UK-based battery firm Zenobe.

Zenobe is one of the largest operators within batteries and charging stations for electric buses in the UK, Australia and New Zealand, and P+ hoped its investment would aid in the green transition. The investment was made together with asset manager KKR. P+ is targeting at least 15 per cent of its total investment portfolio to be placed in climate-friendly investments by 2030, with the investment in Zenobe expected to be included in the pension company’s calculation of climate-friendly investments.

- The Swedish pension/salary compensation rate rose by 1.8 percentage points in 2023, according to calculations by MinPension.

MinPension analysed members’ forecasts to compare the difference between the expected final salaries and the first pension withdrawals, known as the compensation rate. This year, the rate increased due to payments to occupational pensions, the pension company noted. “The occupational pensions have changed quite a lot in recent years, not least in the public sector,” commented MinPension pension expert, Kristina Kamp. “It affects the pension forecast positively.”

- The Danish agreement on green energy developments on land opens up “far better opportunities” for larger investments, Forsikring & Pension (F&P) has said.

The association felt that the agreement would help ensure a faster roll-out of the green transition and make it easier for pension companies to invest in renewable energy production. F&P noted that, for the larger institutional investors to participate, green energy developments need to come up to scale, and this possibility has moved closer with the signing of the new agreement.

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