Climate and Sustainability

As an investor, we want to contribute to realising the green transition and promoting sustainable 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.

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.


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. 


 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 based on sustainable and environmentally friendly standards – for example, we screen all new construction projects and major renovation works in order to certify them with a sustainability label called DGNB. As one example, this was done with a major construction project involving PFA’s own headquarters. It was based on a high degree of recycling and energy optimisation in order to achieve a DGNB silver certification.        

We collaborate with international climate networks

  • Carbon Disclosure Project (CDP)
    As a member of the international climate network CDP, we work towards getting more companies to report on climate issues.
  • Institutional Investor Group on Climate Change (IIGCC)
    It is our belief that investors are better off when working together to address the risks and opportunities related to climate change. 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.
  • 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 largest companies which emit the most CO2 around the world.
  • Nordic Engagement Coorperation (NEC)
    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.
  • Green Building Council Denmark
    We want to help develop the work with sustainability in buildings and in urban environments in Denmark. As a member of the Green Building Council Denmark, we work together with over 300 other players and put our experience on this area into play.

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 consultant Dorte Raahave Østerdal at doe@pfa.dk.