PFA's Defence Investments Increase to €1bn
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 DKK7.7bn (€1bn) from DKK793m before February 2022, representing an increase of 872%.
“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 at 1,650% over the three and a half years.
- The increase in defence investments is a result of the ongoing European rearmament.
Author's summary: PFA's defence investments surge to €1bn amid European rearmament.
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