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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 the state bonds portfolio of Industriens Pension. | Photo: YURI CORTEZ/AFP / AFP

At the beginning of 2021, Danish pension company Industriens Pension had bid sovereign debt securities from 21 countries adieu.

This occurred as a result of a ESG screening conducted by analysis firm Sustainalytics, which ranks these nations in the bottom quartile of the world's countries based on ESG parameters.

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