A Danish pension fund removes OCP from its portfolio over the Western Sahara conflict

MP Pension, a Danish pension fund for academics, has decided to cut €10.7 million worth of holdings after releasing a list of firms that operate in warzones, reports Denmark's biggest pension fund IPE in a statement published Tuesday.

MP Pension’s decision, taken after a position paper on the firms in question, targets Morocco’s OCP, the same source pointed out.

«MP Pension has divested from Moroccan state-owned fertilizer producer OCP Group, citing its operations in Western Sahara», IPE stated.

Explaining the reasons behind its decision, MP Pension’s chief executive Jens Munch Holst said that «conflict-affected areas is a topic that arouses strong feelings in many people, including our 130,000 members».

«We have really worked hard to evaluate the companies’ behavior objectively in relation to the international guidelines from the UN», Holst said.

MP Pension’s decision was, however, welcomed in the Tindouf camps. In an article published Thursday on the Polisario’s official press agency, the Front hailed the measure taken by the Danish pension fund.