AMWatch

Exclusion or dialog? Pension sector split on sustainability tactics

Efforts to make portfolios more ESG compliant are resulting in many headaches at pension companies at the moment. Denmark's Industriens Pension's ESG strategy has led to the blacklisting of sovereigns from 21 countries.

Venezuela is among the countries excluded from the state bonds portfolio of Industriens Pension. | Photo: YURI CORTEZ/AFP / AFP

At the beginning of 2021, Danish pension company Industriens Pension had bid sovereign debt securities from 21 countries adieu.

This occurred as a result of a ESG screening conducted by analysis firm Sustainalytics, which ranks these nations in the bottom quartile of the world's countries based on ESG parameters.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

From utopian to center stage at PFA: "It's a challenge worth a proper fight. And trust me, it is not a walk in the park"

Is it possible to make a 180-year-old Swiss private bank significantly more sustainable in less than two years? Sasja Beslik believes so, having left J. Safra Sarasin to take the over the reins at Denmark's largest commercial pension fund, PFA. Even though only 1.5 percent of PFA's clients have opted for its climate product after more than a year on the market, it shouldn't become the mandatory savings product, he argues.

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch