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Akademikerpension divests utility companies

More than 200 utility companies have been excluded from Akademikerpension's investment universe. The pension fund is now divesting equities and bonds equivalent to 0.5 percent of assets under management.

Jens Munch Holst, CEO at Akademikerpension | Photo: Peter Hove Olesen

Akademikerpension has chosen to exclude more than 200 utility companies from its investment universe and is currently divesting shares and bonds held in the companies, Danish financial daily Børsen reports.

"We have previously excluded companies that extract fossil fuels -- especially coal and tar sands. Now, we have got to the point where it cannot be right that the companies that provide us with electricity use coal to do so," Jens Munch Holst, CEO at Akademikerpension, tells the media.

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