Defence Investments on the Rise
PFA, Denmark's largest commercial pension provider, has seen a significant increase in defence sector investments since the start of the Russia/Ukraine war.
The pension fund's defence investments have grown to €1bn (DKK7.7bn) from DKK793m before February 2022, representing a near tenfold increase.
"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 in defence investments 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.
Author's summary: PFA's defence investments balloon to €1bn.