PFA adopts pragmatic approach to green transition

The pension fund is working towards a green investment portfolio, but dumping traditional energy sources overnight would have extensive social consequences. For this reason, PFA adopts a more pragmatic approach, Group CFO explains.

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A large portion of the Danish population believes pension savings should be sustainable, and PFA is on board. But it takes times to divest black industries, such as coal and oil, and replace them with green solar and wind investments, PFA Group CFO Anders Damgaard explains to Danish daily Børsen.

"There are two camps: one wants to get rid of all black investments right away, and the other claims that a tomorrow without fossil energy will create a different world and society than what we know today. The consequences are too extensive and radical," he adds.

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