UK and Nordic funds commit $130bn to climate investment

The pension funds will also report annually on the progress of their climate investments

Holly Roach
clock • 1 min read
The Climate Investment Coalition welcomed the collective financial commitment
Image:

The Climate Investment Coalition welcomed the collective financial commitment

Nest and the Environment Agency Pension Fund are among a consortium of UK funds which have joined with Nordic funds to collectively commit $130bn (£95.4bn) to clean energy and climate investments by 2030.

Asset owners from the UK, Sweden, Norway, Finland, Denmark, and Iceland made the commitment at COP26 - which is currently taking place in Glasgow - in an aim to increase the global uptake of climat...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Active management comes for private credit - In-depth investment approaches

Partner Insight: Active management comes for private credit - In-depth investment approaches

Jason Steiner, Jason Mandinach, Russell Gannaway, PIMCO
clock 08 August 2025 • 6 min read
Partner Insight: Why investors are eyeing opportunities in carbon removal

Partner Insight: Why investors are eyeing opportunities in carbon removal

New markets are emerging to enable institutions to invest in nature and potentially achieve sustainability-related objectives alongside key financial outcomes, says Dominique Ellis of Aviva Investors.

Dominique Ellis, Aviva Investors
clock 08 August 2025 • 3 min read
Government rationale for power to mandate pension scheme investments 'questionable'

Government rationale for power to mandate pension scheme investments 'questionable'

SPP has published a Pension Schemes Bill response paper

Martin Richmond
clock 07 August 2025 • 3 min read
Trustpilot