PFA's Defence Investments Reach €1bn
Danish pension fund PFA has revealed a near tenfold increase in defence sector investments since the start of the Russia/Ukraine war.
According to PFA's director of responsible investments, Rasmus Bessing,
"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%, with European defence investments growing the fastest at 1,650% over the three and a half years.
Key facts about PFA's defence investments include:
- Current defence investments: DKK7.7bn (€1bn)
- Previous defence investments: DKK793bn
- Percentage increase: 872%
- European defence investments growth: 1,650%
Author's summary: PFA's defence investments have surged to €1bn.
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