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Pensam divests 83 percent of "black" equities in four years

Oil majors BP and Shell have recently been removed from PenSam's investment universe. The corporate bonds portfolio is now free of fossil fuels, but CIO Claus Jørgensen is ready to allow some "black" companies back in if data suggests them becoming greener.

Claus Jørgensen, CIO, Pensam | Photo: Gorm Branderup/ERH

PenSam is far from the loudest pension company when it comes to speaking up about exclusions due to environmental concerns. A glance at the pension company's news archive reveals that no press releases about exclusions have been sent out in 2020 or 2021.

However, this does not mean that the pension company, which manages the pensions of workers including state-employed care workers and daycare assistants, has not excluded the worst climate sinners.

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