Major Dutch pension funds have exited Chinese companies allegedly “involved in the oppression of minorities in Xinjiang”, according to investigative journalists in the country.
Netherlands-based group Follow the Money (FTM) said yesterday that Pensioenfonds Detailhandel, SPW, ABP and The Pensioenfonds Metaal & Techniek (PMT) has sold holdings in a number of firms implicated in the abuse of Uyghur Muslims in China.
Pensioenfonds Detailhandel, the retail trade pension fund, has reportedly “withdrawn from three of four dubious companies” identified by FTM. The companies were not named in the coverage, but the outlet plans to launch an “extensive story” on the issue over the weekend. It says Pensioenfonds Detailhandel “still has an interest [in the remaining company] that was worth more than €300,000 at the end of 2020”.
RI contacted Pensioenfonds Detailhandel for comment, but it had not responded at the time of publication.
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