The CIC announces new commitments to invest in climate from pension funds in the Nordics & UK
World Climate Foundation is a proud partner of the Climate Investment Coalition, that today are communicating a transformational commitment at the Nordic Pavilion at COP26 on November 2, 9-10 AM GMT from asset owners in Sweden, Norway, Finland, Denmark, Iceland, the Faroe Islands and the UK. The commitment aims to contribute to increasing global climate ambition and spur the global uptake of climate investments for the green transition by 2030. In addition, a pension fund from Greenland has declared its support.
Built out of the US$50 billion commitment to green investments made by Danish pension funds in 2019, the initiative intends to create a growing international wave of private climate investments that are tracked and reported on annually.
Following the 2020 Nordic Prime Minister’s announcement of their intent to encourage Nordic institutional investors to scale-up green finance and investments by 2030 to accelerate climate action and a green recovery, Nordic and UK pension funds are showing that they are stepping up to the challenge.
The Climate Investment Coalition (CIC) is a public-private partnership between the Danish Ministry of Climate, Energy & Utilities, Insurance & Pension Denmark, Institutional Investors Group on Climate Change (IIGCC), Finance Denmark and World Climate Foundation.