Dutch fund ABP, the largest pension fund in the Netherlands, the investments in fossil fuels and slow down, in the published on Monday the policy of Sustainable and Responsible Investing. As part of the new policy is the commitment to a carbon-neutral portfolio by 2050.
AS a sets a goal to reduce the CO2 emissions of its portfolio in the year 2025, with 40 per cent less compared to the end of 2015.
in Order to achieve this goal, the fund for the education sector and the government, among others, investments in the mining and extraction of oil from tar sands slow down.
in like manner, the pension fund will no longer be money in companies that are more than 30 percent of their revenues from the coal mines, or more than 20 per cent of the oil sands extract.
AS a: ‘steady and stable transition, it is important to”
The pension fund will stop so it will not fully invest in fossil fuels. AS wrote in the paper that this was “not yet prudent” to. “We’ll find out in a smooth and stable transition is important, of course, to support the community and businesses,” said ABP.
at the same time, the pension fund for the year 2025 as much as 15 billion investment in renewable and affordable energy. The fund wishes to invest in, such as green bonds.
the Fund does not have to worry about it returns
AS it says no need to worry about returns in the future. “Research, however, shows that sustainable investing leads to better results,” says chairman of the board, Corien Wortmann-Kool.
“Yet invest, we will not be equal to 100 per cent sustainable. We are now operating with caution. The pension is two-thirds paid out of the rates, therefore, we are not a big risk to take.”