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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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Insurer, Allianz, embraces wind energy, divests from coal

Nicolò Wojewoda

Munich, Germany-based European insurance and asset management firm, Allianz, has announced that it will pull the plug on investments in coal companies and increase investments in wind energy. Allianz is one of the largest financial institutions in the world, managing €2 trillion. They estimate the decision will result in a shift of €4 billion. 350.org Europe campaigner Nicolò Wojewoda comments: ...

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