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

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

This occurred as a result of a so-called ESG screening, in other words taking consideration of environmental, social and governance factors, conducted by analysis firm Sustainalytics, which ranks these nations in the bottom quartile of the world's countries based on ESG parameters.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs