#49 - Business news from the Economic Mission of the French Embassy in Denmark [fr]

Business news from the Economic Mission – 18/12/2020

Disclaimer - The Economic Mission strives to provide accurate and up-to-date information and will correct, to the extent possible, any errors that are brought to our attention. However, it cannot be held responsible for the use and interpretation of the information contained in this publication.

BREXIT

The Danish Customs Agency estimates that more than 10,000 SMEs which traded with the UK in 2019 still haven’t completed the administrative procedures necessary to continue exporting across the UK border after the New Year - in the absence of a Brexit agreement. Politiken

BIOTECH

To fight the spread of the virus in hospitals and healthcare institutions, the European Commission has ordered 200 disinfectant robots from the Danish company UVD Robots. Thanks to the use of UV rays, the robot is able to eliminate 99.99% of the viruses present on a patient’s bed in ten minutes. Already in use in 60 countries, these robot can also be used in schools. Finans

ECOLOGICAL TRANSITION

Although Denmark is considered to be the 3rd most ambitious country in terms of climate change actions, no state is yet making enough effort to limit global warming to 1.5°C, compared to pre-industrial levels. Sweden and the United Kingdom occupy the top two places in the Climate Change Performance Index, while the United States is at the bottom of the 57 countries ranked. Børsen

Three-quarters of Danish companies seem to greatly underestimate their CO2 emissions. According to a study by the daily newspaper Finans, 75 of the 100 largest Danish companies do not set concrete targets for "Scope 3" emissions, and about two-thirds do not even provide figures on this type of emissions. "Scope 3" refers to indirect emissions from the company’s activities along its entire value chain, such as energy used by suppliers or waste recycling, for example. Finans

Ørsted and Amazon sign Europe’s largest power purchase agreement for offshore wind turbines. The American giant will thus have access to 250 of the 900 MW of a wind farm that will be installed off the coast of Germany to power its German data centers. The Borkum Riffgrund 3 wind farm, which will be operational in 2025, will be financed without government subsidies. Ørsted

The pension fund Industriens Pension and the company Better Energy announce that they are investing DKK 4 billion (€530 million) to build solar parks with a total capacity of 1 GW - a record in Denmark. 75% of the installations will be built in Denmark and 25% in Poland. The new investment, which is expected to reduce CO2 emissions by 350,000 tons per year, is part of the Danish pension funds’ commitment to invest DKK 350 billion (€47 billion) in the ecological transition by 2030. Børsen

The PFA Klima Plus product from the PFA pension fund provides a better return than products without climatic considerations. This portfolio includes shares of companies that emit 60% less CO2 than the average. By 2025, the objective is to make the entire portfolio CO2 neutral. This product now offers returns that are 0.7 to 2.6 percentage points higher than the classic PFA product. Børsen

The Minister of Transport has reached an agreement with the five Danish regions on decarbonising public transport. As a result, new buses and trains on the regional lines that are put into service from 2030 onwards will have to use low-carbon fuels such as biogas, electricity or hydrogen. As of 2025, the official cars used by local authorities will have to be zero-emission vehicles. Regional buses account for about 30% of all public bus transport in Denmark, and 80% of regional buses will be put out to tender by 2025. TRM

Lego unveils its new climate strategy, and commits to reducing its direct and indirect CO2 emissions by 37% by 2032. 90% of the CO2 emissions of the 10th largest Danish company are indirect, and linked to the plastic production of its suppliers. The challenge lies in the search for materials that could eventually replace the plastic of its famous bricks. Finans

BUSINESS NEWS

The share prices of Pandora, A.P. Moller-Maersk, and Vestas have risen considerably since the stock market was hit by the crisis in March. As of December 7, the stock market values of the three companies increased respectively by 220%, 160%, and 155% compared to March. However, Pandora’s rapidly rising share price does not restore the company’s 2016 stock price, which was the highest in history. Børsen

A.P. Møller Holding acquires Faerch Group for DKK 14 billion (€ 1.87 billion). Faerch Group, market leader in rigid plastic food packaging, has developed innovative solutions for plastic recycling. The owner of Mærsk is thus involved in strengthening research in waste treatment. Børsen

The French CEO of WS Audiology wants to create the hearing aid world leader. Created from the merger of Widex and Sivantos (ex-Siemens) in 2019, the Danish company had a turnover of DKK 15 billion (€2 billion) in the same year and employs 11,000 people. In total, Danish companies (with Demant and GN) own 50% of the world market for hearing aids. Berlingske

Dernière modification : 18/12/2020

til top