Defence Investments on the Rise
PFA, Denmark's largest commercial pension provider, has seen a significant increase in its defence sector investments since the start of the Russia/Ukraine war.
The pension fund's defence investments have grown to €1bn, a near tenfold increase from DKK793m before February 2022.
"When the world develops, PFA does the same, and that's why we're now investing much more in defence than we have before." - Rasmus Bessing, Director of Responsible Investments
- The increase in defence investments corresponds to 872% over three and a half years.
- European defence investments have grown the fastest, with a 1,650% increase over the same period.
PFA's director of responsible investments, Rasmus Bessing, notes that this development has been quite unusual.
Author's summary: A Danish pension fund increases defence investments to €1bn.