Climate
Climate is a main theme in P's work with responsible investments. We are determined to reduce the CO2 footprint from our investment portfolio, and the Paris Agreement is an important element in our work with responsible investments. We exercise intensified active ownership with the largest CO2-emitting companies in the portfolio. And we aim to increase our part of climate-friendly investments.
Climate targets
P+ has decided on several ambitious climate targets that apply to the entire portfolio:
How we take climate action
You can read about how we take climate action (only available in Danish) here.
Fossil fuel divestment
Since 2019 P+ has increased its focus on fossil fuel companies, and we have continuously divested from coal, oil and gas companies. Today, P+ has divested from all the largest oil and gas companies and all companies with a revenue from extraction of coal. In 2024, P+'s annual general meeting adopted a new member proposal, and accordingly we have sharpened our divestment criteria related to oil, gas and coal-based utility companies.
Renewable energy investments
We have continually increased our investments in renewable energy. In 2024, P+ invested in sustainable energy in South America and in an Australian battery park. Moreover, P+ made co-investments worth DKK 290 million in infrastructure projects with Omnes and invested DKK 1.2 billion in projects supporting the green transition.
You can read more in our report on corporate social responsibility here. The report is only available in Danish.