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 in February 2022. This corresponds to an increase of 872% over three and a half years.
“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
- European defence investments have grown the fastest, with a 1,650% increase over the same period.
- DKK700bn Copenhagen-based pension fund has adapted to the changing world by investing more in defence.
Author's summary: PFA's defence investments have increased to €1bn.
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