Defence Investments Soar to €1bn
PFA, Denmark's largest commercial pension provider, has reported a significant increase in defence sector investments since the start of the Russia/Ukraine war.
The pension fund's defence investments have grown to DKK7.7bn (€1bn), representing a near tenfold increase from DKK793m in 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 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, noted that the development has been unusual.
Author's summary: PFA's defence investments reach €1bn.