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Danish pension scheme chooses to invest in forestry
23/03/2009
Denmark’s largest pension scheme, ATP, has revealed that it will invest EUR402 million in forestry projects, starting with a purchase of woodland in New York State.
The pension scheme has bought 38,000 hectare of forest − the 'Upper Hudson Woodland' − to launch its forestry investment plan.
ATP says that forestry, as an asset class, offers relatively high returns and “valuable risk-diversification opportunities.” Chief executive of ATP Timberland, Henrik Gade Jepson, says the investment is a safe bet but also offers an environmentally stable option, “trees are a solid investment and match our investment philosophy perfectly. At the same time, the purchase of the forest ties in well with ATP’s increased focus on climate-related investments."
In order to ensure the environmental credentials of its investments, ATP says it is only investing in sustainable forestry, which are certified to safeguard the local region’s economic, social and environmental interests are respected. Jepson adds that ATP Timberland will only invest in forests in Australia, North America, the EU and New Zealand initially and hopes to ensure sustainability and environmental responsibility through owning and operating entire forests, so it can oversee all processes to make sure they meet environmental standards.
The pension scheme has bought 38,000 hectare of forest − the 'Upper Hudson Woodland' − to launch its forestry investment plan.
ATP says that forestry, as an asset class, offers relatively high returns and “valuable risk-diversification opportunities.” Chief executive of ATP Timberland, Henrik Gade Jepson, says the investment is a safe bet but also offers an environmentally stable option, “trees are a solid investment and match our investment philosophy perfectly. At the same time, the purchase of the forest ties in well with ATP’s increased focus on climate-related investments."
In order to ensure the environmental credentials of its investments, ATP says it is only investing in sustainable forestry, which are certified to safeguard the local region’s economic, social and environmental interests are respected. Jepson adds that ATP Timberland will only invest in forests in Australia, North America, the EU and New Zealand initially and hopes to ensure sustainability and environmental responsibility through owning and operating entire forests, so it can oversee all processes to make sure they meet environmental standards.
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