MedWatch

Pension companies push for Coloplast's secret Costa Rica tax report

Pension firms Sampension, ATP, Akademikerpension and PFA are all requesting transparency in Coloplast's tax payments outside the EU, despite the medtech company's unwillingness to give it.

Coloplast has acquired a lush area of 100,000 square meters in Costa Rica, designated for two new large factories, around 20,000 square meters each. The Danish medtech company has injected around half a billion kroner (USD 76.2m) into the project so far, but tax payments in the country are nonetheless kept a secret | Photo: Coloplast/PR

Danish pension firms invested in Coloplast are dissatisfied because the medtech company refuses to publicize tax reporting from its operations in Costa Rica, which is on the EU's watch list over tax havens.

"We have requested that tax reports be brought forth for all countries, including Costa Rica. After such a request, company management is tasked with returning with an explanation for what's preventing this. We haven't gotten an answer," AkademikerPension Head of Responsible Investments Troels Børrild tells MedWatch.

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