Denmark’s AkademikerPension takes on the banks financing fossil fuels

Denmark’s AkademikerPension, the member-owned pension fund for 150,000 academics, has just notched up another important milestone in its ambitious sustainability strategy. Pressure from the fund’s CIO and chief financial officer Anders Schelde on Denmark’s Dankse Bank contributed to the lender announcing plans to end new financing to oil and gas E&P companies that don’t have a credible transition plan in line with the Paris Agreement. Last year, Schelde stood up and challenged Dankse executives at the bank’s AGM, the only...