AUM in Action

S&P DJI Builds Bespoke Climate Index for Danish Pension Scheme 

S&P Dow Jones Indices (S&P DJI), a global index provider, has been selected by Danish labour market pension provider PenSam to develop a bespoke climate-focused index for its exclusive use. They will collaborate on a tailored version of S&P DJI’s carbon budget indices, launched in 2022. The carbon budget is calculated based on the Intergovernmental Panel on Climate Change’s estimate of worldwide emissions to limit global temperature increases to 1.5°C compared to pre-industrial levels. “S&P DJI has a strong ESG product offering, especially with climate indices,” said Claus Jørgensen, Chief Investment Officer at PenSam. “The carbon budget indices, along with customisation, allow PenSam to achieve our climate objectives in a credible way. S&P DJI’s indexing capabilities, with its ESG data through S&P Global Sustainable1, has been an excellent platform to develop an equity strategy with both a focus on performance and climate objectives.” PenSam is a member of Paris Aligned Asset Owners and has €18 billion (US$19.5 billion) in AUM. 

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