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Danish pension fund PKA engaging with 64 oil and gas giants on climate
09 February 2018Danish pension fund PKA has said divestment is a possibility for 64 oil and gas companies with which it is currently engaging on climate-related issues.
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L&G invests £300m in world's largest offshore wind farm
20 November 2017UK financial services group Legal & General (L&G) has agreed to provide £300 million ($395 million) of long-term acquisition debt to help Danish pension funds PKA and PFA buy 50% of UK offshore wind farm Walney Extension from Ørsted (formerly known as Dong Energy).
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COP blog: Transparency high on the agenda for investors
13 November 2017Many investors are turning out at COP23 in Bonn to explain to ministers and delegates the importance of financial disclosures in line with the TCFD recommendations, says Peter Damgaard Jensen
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WWF urges adoption of TCFD advice into law
11 July 2017The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) (LINK) should be brought into European and national law, says conservation organisation WWF.
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Final TCFD report supported by investors with $25trn
29 June 2017The Financial Stability Board's (FSB) Task Force on Climate-related Financial Disclosures (TCFD) has released its final report, with the public support of investors with roughly $25 trillion in assets under management. Other businesses with a combined market capitalisation of approximately $3.5 trillion have also supported the recommendations.
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Axa's investment arm follows insurer in coal divestment
25 April 2017Axa Investment Managers (IM) has followed in the footsteps of its insurance arm by committing to divest its holdings in companies that derive 50% or more of their revenues from coal.
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PKA divests from five oil companies, considers 44 more
18 April 2017Danish Pension fund PKA has divested from five Canadian oil companies over concerns they are at risk of devaluation amid from attempts to tackle climate change.
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Butendiek wind farm closes €950m refinancing deal
10 March 2017The owners of the 288MW Butendiek offshore wind farm have agreed a refinancing package for the project, involving more than €950 million ($1 billion) of senior debt.
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IIGCC appoints Damgaard Jensen new chair
10 January 2017The Institutional Investors Group on Climate Change (IIGCC) has appointed PKA CEO Peter Damgaard Jensen as its new chair.
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Blowing in the right direction
12 October 2016As the European offshore market continues to mature, Hamza Ali explores the financing trends that are driving down costs