Danish pensions meet 2030 transition investments goal
The Danish pensions industry has met its 2019 joint commitment to invest DKr450 billion ($70.1 billion; €60.2 billion) in the green transition by 2030, according to Insurance and Pension Denmark (IPD). At the end of 2025, green investments had grown to DKr478 billion, the industry association said, with 44 percent of the investments in Denmark.
A shareholder proposal has renewed calls for Starbucks to separate its board chair and CEO positions. Filed by SOC Investment Group and United Church Funds, the proposal cited a “notable backslide in corporate governance and labour relations” under current CEO and chair Brian Niccol. SOC ran a “vote no” campaign this year against two Starbucks board directors over concerns around oversight of the firm’s labour rights that was backed by the New York state and city comptrollers, Merseyside Pension Fund, SHARE and Trillium’s ESG Global Equity Mutual Fund. At the 2026 AGM, 11.7 percent of investors supported a proposal filed by the conservative National Legal and Policy Center calling for the separation.
Indonesia’s stock exchange has formally launched its green and transition equity designations, starting with three firms that participated in the pilot process. S&P Global provided external reviews for energy firm Hero Global Investment and transitioning coal miner TBS Energi Utama to be designated as green and transition equities respectively, while local firm SUCOFINDO provided the review for Kencana Energy to use a green label.
Thailand is preparing a sustainability-linked bondunder its updated financing framework. The country’s debt management office said it was aiming to come to market in mid-September, adding that the a bond will be linked to its 2035 Nationally Determined Contributions (NDCs) and “30 by 30” biodiversity target. A note from the Anthropocene Fixed Income Institute said the targets “both appear ambitious”, but Thailand could make more meaningful coupon adjustments than in its previous SLB issuance to enhance the deal.
South Africa is targeting an inaugural green bond before March 2027 when the country’s fiscal year ends and is mulling a euro or dollar-denominated deal to attract international investors, Wanga Cibi, chief director for liability management at the National Treasury, said in an interview with Bloomberg.
S&P Global still expects sustainable bond issuance to reach between $800 billion and $900 billion this year, after Q2 saw the highest quarterly issuance volume since the start of 2024, helped by bumper European issuance. Europe remained the largest region for issuance, with just five countries representing 48 percent of green bond primary sales. In Asia, Japan, China and Hong Kong accounted for 76 percent of regional issuance.
Germany’s sustainable finance advisory board has been allocated €100,000 by the finance ministry for its work, according to a draft federal budget. The only national advisory board with a higher budget is the scientific advisory board, which is allocated €162,000. Funds are used to cover travel costs for members and external experts as well as for “the procurement of materials”. The news was first reported by Tagesspiegel Background.
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