Tuesday 21 July 2020

Major Danish pension fund divests from 20 coal companies

One of the largest pension funds in Denmark, PKA, has announced it has divested from 20 coal companies while tightening requirements for its investment portfolio.

The organisation, which has more than 320,000 members, says it will stop investing in companies which have more than 20% of their business in the fossil fuel market.

Dewi Dylander, Deputy Director and Head of Responsible Investment at PKA, said: "It is absolutely central for PKA to be an ambitious and responsible green investor and we are constantly working to bring our investment portfolio in line with the objectives of the Paris Agreement.

"There is no room for companies, which are not willing to adapt to a reality with less coal and more green energy."

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