Danish pensions go green in Developing Nations

Danish pension funds, collaborating with the Investment Fund for Developing Countries, are allocating 2.7 billion DKK to a new Sustainable Development Goals Fund II, targeting investments in the private sectors of developing countries. This is expected to advance sustainable development while yielding returns for pension customers. Foreign Minister Lars Løkke Rasmussen highlights strategic investments in growing regions such as Asia, Latin America, and Africa. The focus is on supporting green transitions, improving living conditions, and ensuring returns. The fund’s announcement aligns with vital discussions at the climate summit COP29, which addresses climate finance goals for developing nations. Lars Bo Bertram, CEO of the Investment Fund for Developing Countries, emphasizes the challenge of attracting private capital due to high risks in developing countries. While investments are also made in fossil companies, this fund aims to decrease risks and attract private investment.