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Danish managers' Article 9 funds invest in Russian gas, mining companies and tech companies

A peek behind the curtain reveals that Denmark's "dark green" funds are full of tech assets, but not many companies that are working to promote the green transition. The Danish FSA is baffled.
Excavators and drillers at work in an open pit at Tenke Fungurume, a copper and cobalt mine 110 km northwest of Lubumbashi in Congo's copper-producing south. | Photo: Reuters Staff/REUTERS / X01095
Excavators and drillers at work in an open pit at Tenke Fungurume, a copper and cobalt mine 110 km northwest of Lubumbashi in Congo's copper-producing south. | Photo: Reuters Staff/REUTERS / X01095
By Simon Lund Christiansen, translated by catherine brett

Mining companies, Russian gas and big tech are not the assets that spring to mind when you think of sustainable funds – nevertheless, they make up a significant portion of the exposures from Danish asset managers' flagship green funds.

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