Exclusion or dialog? Pension sector split on sustainability tactics

Efforts to make portfolios more ESG-compliant are resulting in many headaches at pension companies at the moment. Denmark's Industriens Pension's ESG strategy has led to the blacklisting of sovereigns from 21 countries.
Venezuela is among the countries excluded from Industriens Pension's state bonds portfolio. | Photo: YURI CORTEZ/AFP / AFP
Venezuela is among the countries excluded from Industriens Pension's state bonds portfolio. | Photo: YURI CORTEZ/AFP / AFP
BY DORTHE BACH, FINANSWATCH

At the beginning of 2020, Danish pension company Industriens Pension had bid sovereign debt securities from 21 countries adieu.

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