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 company's defence investments have grown to €1bn, a near tenfold increase from DKK793m in February 2022.
"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
Author's summary: PFA's defence investments balloon to €1bn amid European rearmament.