News in brief: 30 June

Denmark’s Forsikring & Pension (F&P) has urged the government to maintain its high ambitions for ‘energy islands’.

The government has put the offshore wind energy islands project on pause while the model for their construction is reassessed. F&P said that while it understood that the financial conditions had changed, it was crucial that the government stuck to its strong ambitions so the industry could be sure that the project will not be seriously delayed and the green transition will not slow down. The association added that the insurance and pension industry was ready to invest up to DKK 500bn of pension savings in the green transition by 2030.

Norwegian pension company KLP has helped create a practical guide for companies that want to limit nature risk and the impact on nature in their investments.

The project on nature risks in Norwegian investments was led by Sabima and PwC, and supported by KLP. It has resulted in a recently launched guide to work with nature risks. The guide, Nature-positive management, aims to help companies that want to get started with nature-positive transformation, and has suggestions for sources for analysis and which steps must be taken to get there. A survey carried out during the work on the report found that nature risks were seen as complex, and that companies want clearer requirements and guidelines from authorities.

UK pension scheme Nest has partnered with Evenbreak, a job board run exclusively by disabled people for disabled people.

Nest is aiming to become an increasingly diverse and inclusive organisation, and partnering with Evenbreak will open up all vacancies within the company to disabled candidates through the Evenbreak job board. “At Nest, we’re not simply committed to this partnership because it’s the right thing to do, it also makes good business sense,” said Nest diversity, equity and inclusion lead, chief financial offer, Richard Lockwood. “We’re already seeing the positive impact of increasing diversity at Nest.”

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