Dutch pension fund PFZW has been affected by a data breach at a software supplier of a research agency with which it works.

The data breach has affected several companies and pension funds, including PME. It is not clear whether personal data has been leaked, although PFZW said it was not financial data or passwords. The research agency that works with the hacked software took measures “immediately” to close the leak and prevent a recurrence. Members that have been affected by the data leak have already been notified.

Finnish pension company Varma has revealed that its investment portfolio emissions fell by 11 per cent in 2022.

Its goal is to cut the absolute emissions of its investment portfolio by a quarter by 2025 and to halve emissions by 2030. According to its annual report, the share of its portfolio that was allocated to climate-friendly investments was 24 per cent, or €13bn. Varma’s aim is to increase the share of its portfolio allocated to climate-friendly investments to 25 per cent by 2025. At the end of 2022, Varma's listed investments had 2 per cent in coal companies and 0.3 per cent in oil drilling. Varma has committed to exiting coal by 2025 and oil drilling by 2030.

Danish pension company Velliv has invested DKK 120m in green New Zealand government bonds.

It stated that the investments were particularly notable because they took significant account of biodiversity. Velliv has also joined several international initiatives, including the Science Based Targets initiative, the Paris Aligned Investment Initiative and the Finance for Biodiversity Pledge. It hopes that, together with other investors, these initiatives can both lower global CO2 emissions and slow down the loss of biodiversity.

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