ATP, Hilleroed, Denmark, invested an undisclosed amount in the latest €1 billion ($1.1 billion) climate awareness bond issued by the European Investment Bank, a spokesman for the 889.5 billion Danish kroner ($134 billion) fund confirmed.
ATP has invested 26 billion kroner in green bonds to date. The fund does not disclose details about individual issuers, according to the spokesman.
The 15-year CAB 2035 is an eligible green investment under the European Union's upcoming green bond standards, taxonomy and sustainability framework. Bond proceeds will be invested in activities aimed at climate change mitigation, including deployment of new low-carbon technologies as well as electric rail infrastructure and electric buses.
"When EIB inaugurated CAB-documentation tuned to the taxonomy regulation in April last year, ATP recognized the strategic signal of this early move and highlighted its importance with a strong order. With today's extension of CAB-eligibilities, EIB is again spearheading best practice," Lars Dreier Kristensen, senior portfolio manager at ATP, said in a news release from EIB.
The 560 billion kroner PFA Pension, Copenhagen, also invested €48.7 million in the bond, according to a PFA spokesman.
"At PFA we are very supportive of the work that EIB is doing to push the green agenda as we are continuously looking for good investment opportunities where we can contribute to the transition to a low carbon economy. We are therefore excited to participate in this CAB offering, which will benefit PFA's customers," Christian Storm Schubart, senior portfolio manager-ESG and Patrick Gorm Nielsen, portfolio manager, said jointly in the release.