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Pensam cleans black energy from its credit portfolio

After a portfolio review in collaboration with Blackrock, Pensam has sold off all black energy companies in its credit portfolio, the Danish pension fund announces.

Claus Jørgensen, chief investment officer at Pensam. | Photo: PR/Pensam

Pensam has sold off credit bonds from energy companies worth half a billion Danish kroner from its DKK 15bn (EUR 2bn) credit portfolio. The sell-off is part of a green transition of the entire DKK 160bn (EUR 21.51bn) investment portfolio, the Danish pension fund announces in a press release.

Almost all energy companies have been sold off, except for a few companies providing renewable energy. The pension fund has also heavily reduced the number of utility companies in its portfolio.

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