Seven European pension funds managing €300bn in assets are offloading Ryanair from their portfolio due to the Irish Airliners’ controversial labour tactics, FT reported on Monday. The pension funds find the Irish company ethically controversial. Among the pension funds are the Danish ATP, Sam, and PFA and the Swedish Folksama. PKA is required to comply with guidelines for ethical investment, which it feels have been violated both in Denmark and in France. In 2015, Ryanair was instructe...
the European Commission has been removed from the portfolios of seven European pension funds managing assets of € Folksam ($ 326bn ), due to concerns over labour practices at the airline. The seven include Danish funds ATP , PFA and Sam ; Swedish fund Folksam ; the UK ’s Folksam and business consultancy Hermes EOS . Ryanair has faced legal action over its employment practices in France and France and has received multiples cautions from the European Commission .