In April, pension company Industriens Pension decided to sell its holding of government bonds issued by Belarus, worth EUR 18.5m (DKK 137m), the Danish fund tells Danish daily Børsen.
Industriens Pension had kept its investments in the country for longer than others, as investors including Nordea, Akademikerpension and Bankinvest divested over the course of March. Industriens Pension justified its decision to Børsen at the time by stating that Belarus was not among the lowest rated countries in an ESG rating survey conducted by external collaboration partner Sustainanalytics.
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