Denmark’s largest pension fund PFA Pension has joined investors in an initiative that targets net-zero carbon emissions for the investment portfolio by 2050.
The U.N.-backed initiative, known as the Net-Zero Asset Owner Alliance (AOA), includes 23 major investors that manage a collective $4.6 trillion in assets.
In April, PFA launched a new vehicle that allows customers to place their savings in climate-focused investments. The vehicle, known as PFA Climate Plus, is expected to be carbon dioxide neutral by 2025. PFA Climate Plus aims to be a carbon dioxide negative portfolio by 2030, meaning that it will pull more carbon dioxide from the atmosphere than the investments emit. At the start, the portfolio will emit 60 percent less carbon dioxide than the MSCI World Index.
“This is a significant step for PFA, and an extension of our other work relating to responsib
