Velliv divests fossil investments for EUR 450m

Active ownership hasn’t had the sought-after effect, so Velliv wants out of fossil companies that work against international climate targets.

Velliv is saying goodbye to a number of fossil companies, like Shell, BP, and TotalEnergies | Photo: Pr/velliv

By Thomas Nygaard Madsen, translated by Daniel Pedersen

Velliv no longer wishes to invest money in fossil companies that aren’t working towards meeting international climate targets, meaning that the pension fund has decided to sell investments for DKK 3.4bn (EUR 456.3m) in such companies, reports Danish business media Finans.

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Velliv divests fossil investments for EUR 450m

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