Greenpeace Criticizes State Pension Fund for Unsustainable Investments

The environmental group highlights significant deficiencies in the fund's adherence to international environmental and human rights standards.

Greenpeace's analysis reveals that 5.5% of the Kenfo fund's portfolio is linked to serious environmental and human rights controversies.
The fund, responsible for the future state pension scheme 'Generationenkapital', lacks mandatory sustainability standards.
Investments include controversial companies like Saudi Aramco and JBS, raising concerns over ethical practices.
Kenfo claims to follow ESG criteria but Greenpeace argues that the implementation is opaque and insufficient.
Greenpeace urges the government to legislate ethical investment standards to ensure credible sustainability practices.