Danish pension fund to push for better corporate governance
The fund, which handles 850 billion crowns ($136 billion) of assets for 5 million Danes, has been moving investments from derivatives to cash shares. "We want to be more active in swaying companies to have good governance and relate to environmental, social and governance criteria," Chief Executive Christian Hyldahl said. ATP has not increased its exposure to shares, but shifted it into owning more actual shares in individual companies, rather than having an indirect exposure via derivatives. "When you have derivatives, you have no active ownership, you can't vote, you just have a financial exposure," Hyldahl said. "We want to take the responsibility we have as a large investor on us, and be active at the annual meetings."
- CNBC -