Pension companies seek more information on climate impact

Companies need to provide more comprehensive reporting on their CO2 emissions, say several pension companies which will struggle to hedge the climate risk in their portfolios if they do not.

Photo: PR/ATP

Several Danish pension firms, led by the country’s biggest ATP, have asked for better data on companies’ carbon emissions to make it possible to monitor whether portfolio companies are moving in the right direction, Danish financial daily Finans reports.

While investors are generally able to obtain scope 1 and scope 2 emission data pertaining to company operations and energy usage, many pension funds are lacking better data on the emissions generated by the entire value chain at a company, called Scope 3 emissions.

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