PFZW, the €161 billion pension fund for Dutch healthcare workers, has said it will sell out of high-polluting fossil-fuel companies, with the aim of slashing its carbon emissions by half in four years.

The pension fund, which aims to be a leader on sustainable-investment issues, has stated its target of a 50% reduction in carbon emissions by 2020 before. This morning, November 17, it spelled out in detail how it will achieve the drastic reduction.