- Dutch pension fund PME has announced that it will be halving its CO2 emissions by 2030.

PME has committed to decreasing the CO2 emissions of shares and corporate bonds by at least half compared to 2019. It is also aiming for net-zero CO2 emissions by 2050. The pension fund has also calculated reduction targets for the investment categories real estate, infrastructure and private equity. Furthermore, PME has committed to the Financial Sector Climate Commitment and said that, with the action plans presents, the fund is implementing the Paris Agreement and the Dutch Climate Agreement.

- Denmark’s Forsikring & Pension (F&P) has welcomed the appointment of the “experienced and competent” Morten Bødskov as the new Minister for Business.

F&P managing director, Kent Damsgaard, said that he hoped that the government and new minister will set a new growth course where the industry can support new jobs and development throughout the country. "We are faced with some very big tasks in getting a handle on the EU regulatory mill and setting a clear and growth-oriented course where we as the insurance and pension industry can help create jobs and development in the rest of society,” he said. “It requires a strong Business Minister."

- Dutch pension investor PGGM and the European Bank for Reconstruction and Development (EBRD) have agreed to co-finance sustainable projects.

They have entered into the agreement that will see the organisation jointly finance loans for sustainable projects in the bank’s working area for the next three years. PGGM is making €250m available on behalf of Pensioenfonds Zorg en Welzijn for this purpose. The EBRD will put forward projects in the coming year that it has selected for financing and to which PGGM can sign up. These will always be large projects and will often by climate related.

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