ESG & Investing
Europe’s Biggest Pension Fund ABP Tightens ESG Guardrails
- Total number of invested companies to decline by half
- ABP targeting €30 billion in climate, biodiversity investments
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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.
ABP, which is based in the Netherlands, said the policy means it will apply tougher screening when it reviews holdings for climate and biodiversity risk, according to a statement on Monday.