Danish pension fund AkademikerPension has removed four companies from its investment portfolio due to their involvement in nuclear weapons production outside the European Union, Markets Group reports.
Three of the excluded companies are Chinese: China CSSC Holdings Ltd., China Isotope & Radiation Corp., and China National Nuclear Power Co. Ltd. The fourth company is U.S.-based Amentum Holdings Inc.
The decision follows the fund’s responsible investment policy, which prohibits investments in companies producing controversial weapons or essential components for nuclear programs outside the EU.
“Data shows that these companies are involved in activities we cannot support,” said Jens Munch Holst, CEO of AkademikerPension.
The exclusions come after a 2025 policy adjustment, in which the fund lifted automatic bans on major European defense firms with limited nuclear ties.
At the same time, it continued to exclude companies connected to controversial weapons or human rights violations.
AkademikerPension also previously excluded the State of Israel and state-controlled enterprises due to ongoing military operations in Gaza, stating that monitoring identified violations of human rights.
