Defence Investments on the Rise
PFA, Denmark's largest commercial pension provider, has seen a significant increase in its defence investments since the start of the Russia/Ukraine war.
The pension fund's defence investments have grown to €1bn, a near tenfold increase from DKK793m in February 2022.
Rasmus Bessing, PFA's director of responsible investments, said: "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 increase in defence investments corresponds to 872% over three and a half years.
- European defence investments have grown the fastest, with an increase of 1,650% during the same period.
Author's summary: PFA's defence investments balloon to €1bn.
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