Pension

PFA intensifies engagement with selected oil companies

Whilst Danish pension firm PFA has now divested equities in US oil companies, the investor is now betting on Total and Shell as the "winners of tomorrow" due to green energy engagement. Although it's not just about CO2, says PFA Asset Management COO.
A icon of North Sea oil, Shell's old Brent Alpha platform in in the process of being scrapped. | Photo: LINDSEY PARNABY/AFP / AFP
A icon of North Sea oil, Shell's old Brent Alpha platform in in the process of being scrapped. | Photo: LINDSEY PARNABY/AFP / AFP
BY MAZ PLECHINGER, ENERGYWATCH

During the past year, Denmark's largest private pension company, PFA, has taken on numerous investment positions connected to climate. Last May, the firm joined the Net-Zero Asset Owner Alliance, a group targeting climate neutrality in their asset portfolios from 2050.

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