Climate and Sustainability

Ambitious climate goals

We have committed ourselves to meeting ambitious climate goals

PFA backs the goals specified in the Paris Agreement with respect to limiting carbon emissions and promoting the green transition that is necessary to create a more sustainable world. Via our participation in the international UN-founded investor network, Net-Zero Asset Owner Alliance (AOA), we are committed to being carbon neutral in our investment portfolio by 2050 at the latest. This way, we can ensure that our investments are compatible with the Paris Agreement’s scenario of limiting global temperature increases this century to 1.5 degrees Celsius.

For our customers with savings in market rate, we also offer the opportunity of investing the entirety or part of their pension savings in a product with even more ambitious goals for limiting carbon emissions. Alternative addendum: PFA Climate Plus is PFA’s market rate product for individual customers who want an increased focus on climate-friendly investments without compromising the return.  Our ambition for PFA Climate Plus is for it to be a carbon neutral portfolio as early as 2025. Even by early 2020, the product’s shares emitted 60 per cent less carbon than the world equity index.

• Learn more about PFA Climate Plus here

¹PFA Climate Plus has a more limited asset portfolio than PFA Plus, which may result in both greater and smaller returns compared to PFA Plus. 

Climate networks and organisations

We collaborate with national and international climate networks – and organisations

• The Carbon Disclosure Project – CDP
  As a member of the international climate network CDP, we work towards increasing the number of companies reporting on climate issues. 

• 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. 

• Global Real Estate Sustainability Benchmark – GRESB
  As a member of GRESB, we gain access to precise, updated and benchmarked ESG-data, which is used in our analysis of real estate investments. 

• 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.

• Principles for Responsible Investment – PRI
  As a signatory of the PRI, PFA endorses the organisation’s six guiding principles oriented towards a more ambitious and well-consolidated approach to responsible investments.

• 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.

• Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)
  We use the TCFD’s recommendations in our work with climate-related reporting to make sure that we are using the best available methods in the field.

• Member of Institutional Investors Group on Climate Change – IIGCC
  As a member of IIGCC, we work together with 130 other investors to promote consistent climate regulations across national borders and to share knowledge about the integration of climate considerations in the investment process.

• 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