Former pension company CEO rebukes the industry: "Everyone sort of runs around trying to prove they're greener than the rest"

At times, pension funds are more concerned with appearing green than acting it, says Paul Brüniche-Olsen, former Chief Executive Officer of Denmark's Lærernes Pension. Anders Schelde from MP Pension partly agrees with the retired CEO on several points of view but claims not to have excluded oil companies for the sole purpose of looking more green.

Focus on exclusions of certain companies, such as oil companies, steal too much attention in public discussions on climate change mitigation, says Paul Brüniche-Olsen. | Photo: POLFOTO/AP/Daniella Beccaria/

Pension companies have to contribute to a more climate-friendly world but the trend that has companies lined up to use exclusions to appear more green has gone too far, claims Paul Brüniche-Olsen, who has recently retired after many years as CEO at Danish pension fund Lærernes Pension.

"In my personal opinion, everything that's going on around CO2 and climate seems somewhat rushed. Everyone sort of runs around trying to prove they're greener than the rest. They don't always seem to think things through," he says to FinansWatch.

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