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Tuesday 19 November 2019

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Sampension increases investments in green energy transition

Written by Sunniva Kolostyak
12/07/2019

Danish pension provider Sampension has invested DKK 200m (€26.8m) in the European Investment Bank’s (EIB) green bonds in order to combat climate change, increasing its green bond portfolio to DKK 600m (€80.3m).

The investment was made on behalf of the Architect’s Pension Fund and the Pension Fund for Agricultural Academics and Veterinarians, and the money will go towards providing loans for projects aiming to fight climate change.

EIB’s recently issued green bonds worth DKK 3bn (€401.7m), the first of its kind issued in DKK. According to the bank, the bonds are also the first to directly support EU’s action plan for a sustainable financial system.

In a statement, Samension deputy CIO Jesper Nørgaard said: “As a pension company, our primary task is to manage the pension savers' money in the best possible way. The fact that we at the same time are able to help encourage the green situation in Europe is definitely a plus, and we expect to increase the amount of investments that support sustainability and a green transition in the coming years.”

The provider holds assets worth DKK 4.5bn (€602.6m) in forestry and DKK 2bn (€267.8m) in solutions within renewable and green energy.

About 75 per cent of the investors in the green bonds are pension companies, and 92 per cent of all investors are found in the Nordics.

Sampension has had an investment return of DKK 16.5bn (€2.2bn) over the first six months of the year, and savers have seen returns between 3.3 per cent and 13.1 per cent, depending on risk and maturity.

Sampension CEO Hasse Jørgensen commented: “This year, in particular, the listed equities have given a big boost, but our investments in infrastructure and in credit bonds have also delivered solid returns. This will benefit the customers across all the companies that Sampension manages.”



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