Who bought the Danish green bonds?
Last week, Denmark made history by becoming the first sovereign issuer of green bonds under the new European Green Bond (EuGB) Standard. But who ended up buying the debt?
Scandinavia
EIFO and Novo Holdings lead €6.1m seed round for Greenland’s Rock Flour Company
The start-up is aiming to scale a new carbon-negative agricultural solution - Greenlandic Rock Flour.
Steady at the helm: what AP3’s half year results suggest about its climate commitments
The pension fund’s green bond-tilted fixed income portfolio outperformed its benchmark and timberland assets continued to deliver
Norges Bank announces 9.4% return from unlisted renewable infrastructure
The manager of Norway’s government pension fund has reported investment results revealing that renewable infrastructure, while its smallest allocation, delivered the strongest return
Equinor AGM pitches Norwegian state against climate-conscious shareholders
At the Equinor AGM, the Norwegian state used its controlling stake in the oil and gas firm to block a resolution on climate disclosures, but a significant proportion of shareholders disagreed
Investors divided on return profile of natural capital strategies
Investor demand for natural capital strategies is on the rise, but what sort of returns are realistic and sustainable?
Nordea confirms quarantine for fossil fuel major
Nordea Group has confirmed an effective quarantine on TotalEnergies, with no further bonds or shares being bought amid growing concerns about the firm’s fossil fuel expansion in East Africa
Nordea shareholders reject resolution on fossil fuel lending
Nordea shareholders have overwhelmingly voted against a shareholder proposal in Helsinki today, asking the firm to cease lending and investment in fossil fuel companies that lack Paris-aligned transition plans
Akademiker terminates DKK 3.2bn mandate with State Street citing ESG concerns
Danish pension fund Akademiker has confirmed the termination of its investments with US manager State Street, amid an increasing debate on stewardship alignment between long-term asset owners and US managers
‘Capital at risk’ -Sarasin & Partners divests from Equinor over climate concerns
Investment manager Sarasin & Partners has sold its shares in Norwegian oil firm Equinor, citing concerns over the firm’s transition strategy
Nordic banks in the firing line over fossil fuel lending
The largest banks in the Nordics are continuing to finance the expansion of coal, oil, and gas production, despite their commitments to the Paris Agreement, new research finds