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Danish pension fund AkademikerPension divests from Hikvision for human rights concerns over co. role in mass surveillance

"Denmark’s AkademikerPension bans Chinese surveillance kit firm", 24 November 2020

Denmark’s AkademikerPension announced it is blacklisting Chinese surveillance equipment manufacturer Hikvision, after the firm failed to produce a promised report on its role regarding human rights in China’s Xinjiang Province. The labour-market pension fund said it had now divested the DKK17m (€2.3m) of shares it held in the company, which it said had provided equipment for the systematic monitoring of minorities in “re-education” camps where over a million Uighur people were being held captive.

... The pension fund said Hikvision had promised to present it with a report on its role in human rights management and its role in Xinjiang Province in 2019, “but we have lost faith that it will come within an acceptable time horizon,” said Holst.

AkademikerPension said it would continue to own shares in other Chinese firms, totalling more than DKK1.2bn.

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