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.

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

After two years of preparation: Robur launches dark green prestige fund

Sweden's largest fund manager is launching a climate impact fund with Swedbank's insurance unit as anchor investor. "We've had some great interest from larger investors and are in close contact with several potential investors that have expressed an interest," the new fund's portfolio manager tells AMWatch.

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch