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PKA still owns some of the world's biggest coal mines despite fresh exclusion policy

Some of the world's largest coal mines are still part of PKA's portfolio despite their fresh, more strict investment policy. Other Danish pension funds and the Norwegian oil fund exclude these coal mining giants.

Dewi Dylander, Deputy Director and Head of Responsible Investment at PKA. | Photo: PR/BAM

Earlier this week, Danish pension provider, PKA, tightened its investment policy for companies with interests in coal and excluded 20 businesses worth DKK 300m (EUR 40.28m) from its investment portfolio. Despite this, PKA still invests in some of the world's largest coal mines, Danish business daily Børsen writes.

"You cannot call yourself a responsible and green investor if you have shares in some of the large coal mining companies. The problem is that they are multi-mining companies. Therefore, a revenue criterion is not enough if you want to keep coal production in check," says Martin Norman, head of sustainable investments at Greenpeace in the Nordic region.

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