Responsible Investing

Pension fund reacts to company's major Saudi deal: "A real hornet's nest"

There are ”enormous challenges and risks” in relation to human rights, labor rights and climate in the Saudi Arabian project in which a portfolio company is now deeply involved, warns pension fund.
DSV has entered a joint venture with Saudi Arabian Neom, which is building a new ’city of the future’ across Saudi Arabia and Jordan. | Photo: Neom / Pr
DSV has entered a joint venture with Saudi Arabian Neom, which is building a new ’city of the future’ across Saudi Arabia and Jordan. | Photo: Neom / Pr
by JAKOB SKOVLUND

Danish pension fund AkademikerPension, which according to its own website owns shares in DSV worth approximately DKK 610m (EUR 81.72m), will keep a close eye on whether the Danish transport and logistics group complies with human rights in the recently announced joint venture with Saudi Arabian Neom, says AkademikerPension CIO Anders Schelde to Danish business media Finans.

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