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First big Danish pension firm blacklists China 

Christian Wenande
September 24th, 2020


This article is more than 4 years old.

AkademikerPension and its representation of 140,000 members will divest its Chinese assets over human rights concerns

AkademikerPension (AP) has become the first big Danish pension firm to exclude China when considering investment.

Running at 140,000 members, the firm cited a dubious human rights record as the reason for divesting its shares in Chinese companies and government bonds.

“We have long been observing China. It is well-documented that the country is systematically violating human rights and we can no longer turn a blind eye,” said Jens Munch Holst, the head of AP.

READ ALSO: Danish pension system among world’s best

Uyghurs and Hong Kong
More specifically, AP has scrutinised China’s law changes in Hong Kong as well as its harsh treatment of its Uyghur minority group and political opposition.

AP, which changed its name from MP Pension earlier this month, stated that it expects to secure about 400 million kroner for divesting its Chinese assets.

“Our ambition is to step up our profile in regards to responsibility. Our motto is that dividend and responsibility go hand-in-hand and it is therefore difficult to maintain China in our portfolio,” said Holst.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”