PKA ploughs $1bn into total return swaps based on Osmosis index
Investor support for Mizuho Financial climate resolution grows
Mizuho Financial faces growing pressure as more investors back a shareholder resolution calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.
Danish pension funds invest $250m in US solar projects
Danish pension funds PenSam and PKA have invested DKK1.7 billion ($249 million) in US solar energy plants in California and Texas.
People moves: IOSCO, London Stock Exchange Group, Simmons & Simmons, UBS
Peter Damgaard Jensen has been appointed as co-organizer of the newly founded Global Commission on Adaptation. Damgaard Jensen also acts as CEO of Danish pension scheme PKA and chair of the Institutional Investors Group on Climate Change (IIGCC), an investor association taking action to support a low-carbon future.
PKA makes 10% renewables pledge
Danish pension fund Pensionskassernes Administration (PKA) has pledged to ramp up its investments in renewable energy to 10% of the value of its portfolio by 2020.
ABP, ERAFP, and First State Super among scenario analysis leaders
Many leading global asset owners have already begun to perform scenario analysis and apply key findings to their climate strategies, a report by the Asset Owners Disclosure Project (AODP) has found.
People moves: PKA, Nomura and Obvion
PKA's head of responsible investment Pelle Pedersen has resigned after more than five years.
Danish pension fund excludes 35 oil companies on climate grounds
PKA has excluded 35 oil and gas companies from its investment portfolio based on concerns about their approach to climate change.