Climate and Investments

As an investor, we want to contribute to responsible development. Therefore, climate considerations are integrated in our general investment process, and we are working systematically towards reducing the carbon footprint of our share and property portfolio, and we are also actively investing in green solutions.

Ambitious climate goals

For years, PFA has worked systematically towards corporate responsibility in investments, and has also committed to meeting the objectives of the Paris Agreement. PFA has taking another significant step on this journey by joining the UN-supported initiative Net-Zero Asset Owner Alliance (AOA). With this comes an obligation to achieve net zero CO2 emissions from the investment portfolio by 2050. Read more

PFA is escalating its green ambitions, and by the end of 2025, it will have reduced its carbon footprint by 29 per cent relative to 2019. This way, PFA will increase its already ambitious climate efforts. This will take place as part of PFA’s membership of Net-Zero Asset Owner Alliance Read more

PFA has introduced PFA Climate Plus, which is a pension product that makes it possible for customers to place their retirement savings in specially selected climate-focused investments. The ambition for PFA Climate Plus is it will be CO2-neutral in 2025. Read more

Learn more about PFA Climate Plus

Insight into PFA’s journey towards net zero CO2 emissions

PFA has committed itself to achieving net zero CO2 emissions from PFA’s total investment portfolio by no later than 2050 under the auspices of the UN-backed Net-Zero Asset Owner Alliance investor initiative. For PFA Climate Plus, the ambition is to already have net zero emissions in 2025.

To achieve this, focused work is being done in several areas. This includes investing in green assets, being an active investor and reducing the proportion of investments in companies that have high CO2 emissions. Investments in forests have also become an important source of CO2 absorption.

A more specific description of the work is found here in PFA’s guidelines for achieving net zero CO2 emissions.

Read more

Transition from fossil fuels to climate-friendly energy

Even if the pace at which it will occur can be discussed, in the long run the world will move towards a phasing out of fossil fuels. Therefore, PFA assesses that there is a growing risk when it comes to investing in fossil fuels or the companies that are falling behind in terms of the green transition. At the same time, we strongly believe that we can create additional returns by focusing on companies that contribute to solving the world’s climate problems rather than worsening them. 

We are therefore actively investing in the transition, which aims for a net zero global emissions economy in 2050 and where fossil fuels will only play a minor role. This is based on the Paris Agreement’s goal of keeping global temperature increases well under 2°C and ideally under 1.5°C. 

Read more

Biodiversity and the climate crisis are connected

At PFA, we are concerned with the critical development we see in the entire area of biodiversity. In line with the climate challenge and the measures we have committed to in the climate area, we also want to help take good care of our nature.

We invest to ensure our customers a good return in a responsible manner. And here the crises also pose significant risks to our ability to fulfill that ambition. In this connection, it is essential to explore how solutions to the climate challenges can play together with concrete solutions to ensure biodiversity.

There are many dilemmas and nuances at play, and it is a rapidly developing field. Both in relation to the knowledge we have today and the data base we can report on. We look into that complexity and work with it in a structured manner, as reporting requirements and data also become more comprehensive.

As part of UN's Biodiversity COP15 in Canada in December 2022, PFA has chosen to sign on the declaration "Moving Together on Nature" with more than 150 other investors in order to contribute to the protection and restoration of biodiversity and ecosystems through our financing activities and investments. Read more


 We invest in renewable energy

      We actively invest in green solutions and renewable energy. Among other things, we have invested in solar parks and the world’s largest sea wind farm, Hornsea 1, which can produce enough green electricity to meet the demand from 1 million households.      

 

You can prioritise green investments even further

With PFA Climate Plus, our customers can invest the entirety or parts of their pension savings in an even more climate-friendly way. The ambition is for the product to be completely carbon neutral already by 2025.

Learn more about PFA Climate Plus        

 

We build according to environmentally-friendly standards

We strive to build and renovate sustainably and environmentally-friendly – among other things, we screen all new constructions and major renovations to achieve a sustainability rating, a DGNB certification, which is based on the UN’s definition of sustainability. For example, the renovation of PFA’s own domicile is based on a high degree of recycling and energy optimisation and on achieving a DGNB silver certification.        

We collaborate with national and international climate networks – and organisations

  • Climate Action 100+
    For PFA, dialogue is a key tool when it comes to impacting developments. In order to strengthen this dialogue, we are participating in the international investor partnership, Climate Action 100+, which is in dialogue with the 100 highest CO2-emitting companies in the world.
  • Dansif
    As a member of Dansif, we exchange experience pertaining to responsible investments with a group of prominent institutional investors and advisers from Denmark.
  • The Danish Chamber of Commerce’s CSR network
    As a member of the CSR network under the Danish Chamber of Commerce, we participate in themed meetings, in which we are presented with state-of-the-art information on CSR and get an opportunity to share experience on CSR. 
  • Green Building Council Denmark
    As a member of Green Building Council Denmark, we are able to promote a holistic approach to construction and urban areas. This is primarily achieved through the use of the DGNB-certification system.
  • Nordic Engagement Cooperation
    PFA is the only Danish company that is part of the investor partnership NEC. NEC works together to promote an active ownership dialogue with companies where, for example, environmental risks have been identified.
  • Ocean Plastic Forum
    Through our membership of Ocean Plastic Forum, we support the transition towards a more sustainable use and disposal of plastic.
  • The Danish Government’s climate partnerships
    PFA has participated in the Danish Government’s climate partnership for the financial sector represented by Group CEO Allan Polack. The climate partnership’s work resulted in a report with a plan for the sector’s work with climate-related issues and a list of recommendations for the Danish Government.
  • Member of the United Nations-convened Net-Zero Asset Owner Alliance
    As a member of the N-Z AOA, PFA has committed itself to reach net-zero CO2 emissions from its investment portfolio by 2050. As part of reaching the goal of net-zero in 2050, PFA has set an ambitious goal of reducing the emissions of our investment portfolio by 29 % in 2025*.
    *baseline year 2019

Learn more about our work with climate and environmental initiatives

 

If you have questions concerning PFA’s work with corporate responsibility, you are welcome to contact Corporate Responsibility at crpfa@pfa.dk.