The two union confederations LO and FTF are ready to amend the guidelines of the policy of the mandatory ATP (Arbejdsmarkedets Tillægspension - supplementary pension investment fund) after what the revelations made by the daily newspaper Information concerning its investments in five companies involved at different levels in the manufacturing of nuclear weapons. The government's party mentioned the possibility to create an "ethical code" for pension funds' investments. (Ref. 080175)
This is not a new thing. In the past few years, the Danish press has frequently told on the “lack of ethics” for pension funds’ investments, and the debate which followed even pushed some funds to review their investment policy, as was the case last fall for the mandatory supplementary pension fund ATP (Arbejdsmarkedets Tillægspension), the insurance system mandatory for all employees (to which 4.4 million Danish people contribute), which sold its shares of Total, accused of supporting the Burmese military dictatorship (other fund kept their share, despite the critics).
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