Pension

Danish pension fund draws a line: Excludes the world's ten largest oil companies

The oil company exclusion has MP Pension divest equities totaling EUR 86.4m, which is equivalent to two thirds of its total investments in oil. The companies lack a plan to become more climate-friendly and they work against climate-related regulation, the pension fund claims.
MP Pension Chief Investment Officer Anders Schelde. | Photo: PR/MP Pension
MP Pension Chief Investment Officer Anders Schelde. | Photo: PR/MP Pension
BY MICHAEL DUELUND, FINANSWATCH

In its chase for a greener planet – and a more reliable future return – MP Pension has made an ultimate decision to exclude the ten largest global oil companies from the pension fund's investment universe.

Already a subscriber?Log in here

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.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading