Enough is enough: Industriens Pension on excluding an entire sector

As many years of engagement seemed to lead nowhere, Industriens Pension recently divested securities worth DKK 550m and excluded 109 companies from its investment universe. The pressure from pension savers in favor of a more sustainable investment policy grows year by year, two of the fund's staffers argue.  

Christina Gordon Stephansen joined Industriens Pension in 2016 from Forsikring & Pension (Insurance & Pension Denmark) -- the Danish lobby organization for the insurance and pension industry | Photo: PR

Earlier this year, the Danish-based labor market fund Industriens Pension declared to completely divest all companies from its portfolio that had revenue from coal mining activities.

This includes companies such as Australian-based BHP Billiton, Glencore from Switzerland and Brazilian Vale. The latter was recently involved in a dam disaster which killed 166 people. The decision to exclude this companies was initiated before the accident, but it is a good example of a company having implemented a worker policy, but not really following it through.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Evli's new fund aims for EUR 300m portfolio

Finland's net rental yield is at an attractive level even by international standards, and international investors have noticed this over the past five years, says Tero Tuominen, who heads the Evli Residential II fund.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch