PFA's Defence Investments Increase to €1bn
Danish pension fund PFA has revealed a near tenfold increase in defence sector investments since the start of the Russia/Ukraine war.
According to PFA's director of responsible investments, Rasmus Bessing,
“When the world develops, PFA does the same, and that’s why we’re now investing much more in defence than we have before.”
The pension fund's defence investments have grown to DKK7.7bn (€1bn) from DKK793m before February 2022, a 872% increase. European defence investments have grown the fastest at 1,650% over the three and a half years.
Author's summary: PFA's defence investments increased to €1bn.
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