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The Danish pension fund PKA has implemented comprehensive ESG policies, reflecting its efforts to align investment strategies with sustainability goals. With approximately DKK 330 billion in assets under management, PKA’s approach combines financial objectives with environmental and social considerations.
ESG Integration Across Investments
In a recent interview, Louise Aagaard Jensen, ESG Manager at PKA, notes: “The ESG agenda has a very high priority at the moment.” An essential component of the pension’s ESG integration strategy is PKA’s exclusion list, which currently includes about 350 companies. These exclusions cover activities related to controversial weapons, tobacco, coal mining, and oil sands. “There is zero tolerance for controversial weapons, tobacco, coal mining, and oil sands,” Aagaard explains.
Targets for Green and Social Investments
PKA has outlined clear targets for its investment strategy, particularly in green and social assets. The fund reached its 2020 goal of allocating 10% of its portfolio to green investments and now aims to increase this to DKK 50 billion by 2025. “We also invest in green bonds,” Aagaard confirms.
In addition to green investments, PKA has set a target of DKK 10 billion for social investments by 2025. These investments are intended to address various societal challenges while contributing to the fund’s overall financial objectives.
