Major Danish pension fund divests from 20 coal companies

PKA has also pledged to stop investing in companies with a more than 20% reliance on fossil fuels

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.

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