Danish managers' Article 9 funds invest in Russian gas, mining companies and tech companies

A peek behind the curtain reveals that Denmark's "dark green" funds are full of tech assets, but not many companies that are working to promote the green transition. The Danish FSA is baffled.

Excavators and drillers at work in an open pit at Tenke Fungurume, a copper and cobalt mine 110 km northwest of Lubumbashi in Congo's copper-producing south. | Photo: Reuters Staff/REUTERS / X01095

Mining companies, Russian gas and big tech are not the assets that spring to mind when you think of sustainable funds – nevertheless, they make up a significant portion of the exposures from Danish asset managers' flagship green funds.

An analysis conducted by AMWatch's Danish sister media FinansWatch discovered this tendency among the new "dark green" funds, which must live up to the strictest reporting criteria in line with the new EU sustainability legislation.

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

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch