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Europe’s largest pension fund announces divestment from fossil fuels

Corien Wortmann

Europe’s largest pension fund, ABP, has announced it will divest from fossil fuel producers by 2023. Pension participants – teachers, scientists and civil servants – have been campaigning for the pension giant to divest from fossil fuels since 2014. Corien Wortmann, chairperson of the ABP board In recent months the campaign scaled up and was threatening legal action. Observers see ...

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Allianz, ABP join in aligning portfolios with low-carbon economy

Achim Steiner

Allianz and ABP, two of the world’s biggest institutional investors, on Monday in Paris, France at the UN Climate Change Conference (COP21) joined the Portfolio Decarbonisation Coalition (PDC), a group of investors committed to supporting the fight against climate change. With Allianz and ABP, the PDC now convenes 25 investors overseeing the gradual decarbonisation of a total of $600 billion ...

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