Velliv, a Danish pension and life insurance company, was a lead investor in the World Bank’s 2024 Amazon Reforestation-Linked Outcome Bond [IC].
Right of reply
This page describes Velliv only through its published statements and the public records of the deals listed. Velliv has not yet been invited to comment. Responses and corrections will be recorded here with their date. On register pages, [MS] marks a claim that rests only on the institution’s own statement or on statements by parties to the same deal.
In the register
The register follows instruments whose terms depend on a verified ecological outcome, the broad family of the performance-based bond. The register index explains its tiers, roles and claim tags.
| Deal | Year | Family | Role | Amount | Claim |
|---|---|---|---|---|---|
| World Bank Amazon Reforestation-Linked Outcome Bond | 2024 | Outcome-linked bond | Lead investor | Not disclosed | [IC] |
| World Bank Plastic Waste Reduction-Linked Bond | 2024 | Adjacent | Lead investor | Not disclosed | [MS] |
| World Bank Emission Reduction-Linked Bond (Vietnam) | 2023 | Outside scope | Lead investor | Not disclosed | [MS] |
| World Bank Clean Cooking Outcome Bond (Ghana) | 2025 | Outside scope | Investor | Not disclosed | [IC] |
Velliv has bought more World Bank outcome bonds than any insurer in the register.
What it has said
“Velliv is very pleased to participate in the Amazon Reforestation-Linked Bond” (Thor Schultz Christensen, Deputy CIO). Velliv tied the deal to its carbon-reduction, social and biodiversity priorities and to its “pension savers” [IC].
Related
- Nature Performance Bond Investor Register
- Nuveen
- Mackenzie Investments
- Skandia
- World Bank Treasury (IBRD)
References
- IFR, World Bank Amazon reforestation bond (August 2024)
- World Bank, Amazon Reforestation-Linked Outcome Bond release (13 August 2024)
- World Bank, Plastic Waste Reduction-Linked Bond (24 January 2024)
- World Bank, Emission Reduction-Linked Bond (14 February 2023)
- World Bank, Clean Cooking Outcome Bond (12 December 2025)
Provenance
Drafted on 15 October 2026 from the research brief Nature performance bond investors.md, compiled the same day from five research strands: outcome-linked and sustainability-linked bonds, environmental impact bonds, debt-for-nature conversions, insurers and reinsurers, and the largest asset managers with their regulatory context. Claim tags follow the brief, which never upgraded a claim without a source and lowered to [MS] any claim a research note had graded [IC] on the strength of a company’s own release. The headquarters country in based_in comes from general knowledge unless a deal record states it, and is to be confirmed. The brief’s search had limits: fund holdings filings, municipal bond disclosures and the Oxford INDIGO and Brookings impact bond databases were not searched, so a deal missing from this page may exist.