Danish public pension fund LD Pensions has announced that all its new actively-managed mandates will require asset managers to push investee companies to reduce their negative impacts and align with “planetary boundaries”.
The announcement follows the fund’s appointment of Nordea Investment Management earlier this month to manage its €160m impact investing mandate, concluding a search that began last Summer.
The Nordic asset manager replaced Impax Asset Management, the London-based sustainability specialist, which had run LD Pensions’ impact segment since it was established in 2011.
Both announcements are a result of LD Pensions’ recent collaboration with London-based charity, Future-Fit Foundation.
LD Pensions runs two funds: the new Lønmodtagernes Feriemidler (Danish holiday allowances fund), which is expected to have assets of DKK100bn (€13bn) by 2021, and the more established DKK35bn (€5bn) Lønmodtagernes Dyrtidsfond (legacy cost-of-l…