Danske Bank AM sets stricter constraints on fossil fuels
The tighter restrictions will essentially strengthen Danske Bank AM's ability to mitigate risks and unlock opportunities associated with the low-carbon transition, says Christian Heiberg, head of Danske Bank Asset Management.
Danske Bank Asset Management has implemented stricter investment restriction criteria on thermal coal and tar sands by lowering its threshold from 30 percent to 5 percent of revenue. In addition, it will no longer invest in companies deriving more than 5 percent of their revenue from peat-fired power generation, the company announces.
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