UK’s biggest pension fund to shift £5.5bn in ‘climate aware’ investments

Nest has also pledged to begin divesting from companies involved in thermal coal, oil sands and arctic drilling and be completely divested by 2025

The UK's biggest pension fund, the National Employment Saving Trust (Nest) plans to invest £5.5 billion in climate aware strategies.

This represents 45% of Nest’s entire portfolio and is estimated to reduce the fund's carbon footprint by the equivalent of taking 200,000 cars off the road.

Nest has also pledged to begin divesting from companies involved in thermal coal, oil sands and arctic drilling and be completely divested by 2025 at the latest unless they have a clear plan to phase out all related activity by 2030.

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