Danish pension funds under fire for holding fossil fuel lenders in sustainability strategies

Dispute highlights the power of banks’ pledges on green finance as ECB warns no bank aligns with its expectations on climate

Three Danish pension funds have been accused of “misleading customers” by the country’s consumer watchdog, after it was revealed that their sustainability offerings have investments in fossil fuel lenders Citigroup and Bank of America.  

Denmark’s largest pension fund, PFA, has DK…

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