The Danish pensions industry had met its joint commitment to invest DKK 450bn in the green transition five years ahead of schedule, Insurance & Pension (I&P) Denmark has revealed.

In 2019, the sector promised to invest DKK 450bn in the green transition by 2030.

By the end of 2025, the pensions industry in Denmark had made DKK 478bn of green investments.

More than half (56 per cent) of the investments were made in overseas projects, including renewable energy, energy infrastructure, and climate technology, while 44 per cent were made in Denmark.

“When the Danish pension industry made the commitment in 2019, the ambition was to put action behind the words and actively contribute to the green transition,” commented I&P Denmark CEO, Kent Damsgaard.

“Therefore, it is very positive that we have already achieved the goal.”

Despite the progress, I&P Denmark said that the commitment being fulfilled did not mean that the work was over.

“As a society, we are facing a huge task,” Damsgaard continued. “The green transition is a long-term effort, and green investments have been challenged in recent years by headwinds in the wind and battery areas, among other things.

“However, developments in recent months with disruptions to oil traffic through the Strait of Hormuz and heat waves in Europe have once again emphasized the need for us, especially in Europe, to continue investing in green energy supply, both for the sake of the climate and for the sake of energy independence.”

I&P Denmark will continue to publish an annual report on the industry's sustainable climate and environment-related investments.

It said this was aiming to ensure transparency around developments and highlight the industry’s continued contribution to the green transition.

“Climate change is a global challenge, and therefore green investments are too,” Damsgaard stated.

“Danish pension savers' money helps finance the green transition both domestically and internationally, and at the same time, the Danish pension industry, with its green commitment, has inspired investors worldwide to make more green investments.”

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