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Europe’s biggest pension funds dump CO2 polluters

Most of the top investors have now been spurred into action thanks to Mark Carney and Mike Bloomberg’s climate change drive

The removal came after Pensioenfonds van de Metalektros decision to sell all its holdings in 21 coal producers, including Coal India, the worlds largest coal miner
The removal came after Pensioenfonds van de Metalektros decision to sell all its holdings in 21 coal producers, including Coal India, the worlds largest coal miner Photo: Sanjit Das/Bloomberg/Getty Images

More than half of Europe’s 20 largest pension funds have taken steps to dump investments in companies that produce too much CO2, as investors’ efforts to combat climate change gather pace.

Exclusive analysis of the continent’s biggest funds shows that 11 of the 20 pension schemes have sold out of companies that contribute to global warming, with PMT, the €70bn Dutch pension fund, becoming the latest to ditch a top CO2 polluter.

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