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Pension firm excludes all coal companies

Danish pension group P+ is blacklisting all equities and fixed-income investments in businesses that extract coal. Before the turn of the year, assets worth roughly EUR 34 million will be divested, the firm informs.

Photo: Patrick Pleul/AP/Ritzau Scanpix
BY JEPPE MAAGAARD HOLM, FINANSWATCH

Coal companies are soon to be history in Danish pension firm P+'s investment portfolio.

P+ informs in a statement that it's moving to exclude all companies that extract coal and has closely examined its investment portfolio, which is now resulting in divestments in both stocks and and bonds worth roughly DKK 250 million (EUR 33.6 million) in a total of 40 enterprises.

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