Europe’s largest pension fund expands ESG investment rules (2024)
| Environmental, social, and corporate governance |
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ABP, a Dutch-based pension fund and the largest in Europe, announced that it is reevaluating the companies it holds for compliance with higher ESG standards:
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Europe’s biggest pension fund is imposing stricter environmental, social and governance requirements on its portfolio, as it steers more capital toward companies it assesses to be greener and fairer. … 'Companies that are inextricably linked to climate change and cannot or do not want to change are no longer suitable for us,' the fund said. Those that manage the risks of a changing world well will instead be seen as good fit for ABP, it said. … ABP’s investments now exclude companies involved in serious controversies relating to climate, nature, human rights and corporate integrity. The exclusions also apply to tobacco companies, firms that make nuclear weapons, civilian firearms, fur, non-organic pesticides, single-use plastics and gambling.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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