Denmark's Largest Pension Fund Divests from SpaceX Over ESG Concerns

Denmark's largest pension fund, PFA, has announced its decision to divest from Elon Musk's SpaceX, citing concerns over the company's environmental, social, and governance (ESG) practices. The move is significant as SpaceX is reportedly preparing for a Nasdaq listing.

PFA, which manages assets for over 1.3 million members, stated that it has not invested in SpaceX but will not consider future investments due to a lack of transparency and potential risks associated with the company's operations. This decision aligns with PFA's commitment to responsible investment and its ESG strategy.

In other business news, a Danish company has been hit with an unexpected tax bill of 91 million Danish kroner. The specifics of the company and the nature of the tax remain unclear, but the situation has reportedly led to the company being sent "to the brink."

Additionally, Denmark's new tax minister has faced criticism for a past comment described as "arrogance and indifference." The remark, related to a "shock elephant" (chokofant), has drawn ire, with the minister being called out for his perceived lack of empathy.