PFA's Defence Investments Increase to €1bn
PFA, Denmark's largest commercial pension provider, has reported a significant increase in its defence sector investments since the start of the Russia/Ukraine war.
The investments have grown from DKK793m to DKK7.7bn (€1bn), representing an 872% increase over the past 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.
- The increase in defence investments corresponds to a near tenfold rise since February 2022.
Author's summary: PFA's defence investments surge to €1bn amid European rearmament.