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Exclusions & Divestments
It will require the state’s main pension to divest an estimated $1.3bn of fossil fuel investments
Letter comes as lawmakers introduce ESG rules for financial advisors and workplace pensions
A number of Danish funds have put companies under observation or axed them
Move is at odds with other public pension funds in the state and NYC, which have committed to exiting fossil fuels
What do investors and lawyers think of the growing trend for banning or forcing divestment?
Pensioenfonds Detailhandel, SPW, ABP and PMT divest “dubious companies” after pressure from journalists
Oil fund has also divested from clothing company with garment factories in Myanmar
-80x80.jpg "IEA makes bombshell call for end to fossil fuel investments with launch of Paris-aligned decarbonisation roadmap")
The report will underpin international climate negotiations at this year’s COP26
The latest developments in sustainable finance
The latest developments in sustainable finance