​Icelandic pensions major blacklists 138 firms as new policy kicks in

Iceland’s second-biggest pension fund, the Pension Fund of Commerce (Lífeyrissjóður verzlunarmanna, LV), announced it is blacklisting 138 firms as the result of its new responsible investment policy, revealing it has already sold ISK3bn (€20m) of investments, with more to follow. Read also Sustainable investment ‘rebooting’ Europe’s private markets, research finds The ISK1trn pension provider said most of the exclusions were firms producing coal and oil sands, while 22 made “controversial weapons”, 15 were considered to be in breach of the UN...