Pensiondanmark

Pensiondanmark, an insurance and pension funding services provider based in Denmark, has reported its carbon emissions and committed to ambitious climate targets.

For 2025, Pensiondanmark anticipates Scope 1 emissions of approximately 1.44 billion kg CO2e, Scope 2 emissions of about 281 million kg CO2e, and Scope 3 emissions of roughly 9.53 billion kg CO2e. Looking back, in 2024, the company recorded Scope 1 emissions of approximately 1.49 billion kg CO2e, Scope 2 emissions of about 282 million kg CO2e, and Scope 3 emissions of around 6.28 billion kg CO2e. In 2023, these figures were approximately 1.49 billion kg CO2e for Scope 1, 303 million kg CO2e for Scope 2, and 6.08 billion kg CO2e for Scope 3.

Pensiondanmark has committed to net-zero targets validated by the Science Based Targets initiative (SBTi). These long-term, all-scope net-zero targets are set for 2050. Their portfolio targets, as of 2021, cover 56% of total investment and lending by assets under management, with required activities making up 56%, optional activities 16%, and out-of-scope activities 28%. The company's near-term targets for Scope 1 and 2 emissions are consistent with a 1.5°C warming scenario, aiming for reductions by 2030. Pensiondanmark has been committed to 1.5°C since August 2019 and is actively engaged in setting targets in line with the SBTi's Financial Institutions Net-Zero Standard.