Asset Management

Danish megafund starts crusade on climate and tax evasion

Danish pension fund ATP unveils new policies as it reports another year of strong investment results

Thursday 8 February 2018 at 15:24

Danish megafund starts crusade on climate and tax evasion
Photo: Getty Images

ATP, Denmark's state pension fund and one of Europe's largest investors, is embarking on a push to pressure companies on their climate change policies and tax evasion — in line with its global peers.

The pension fund, which manages Dkr769bn (€103bn) is to publish the carbon footprint of its equity portfolio, and ask companies to sign up to the Task Force on Climate-Related Financial Disclosures, ATP's chief executive Christian Hyldahl said today. The task force was launched by Mark Carney and Mike Bloomberg in 2015.