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.
future Net Zero is a free site but we’d ask you to login one time to access the content.
You will also be subscribed to our newsletter service, which will offer insight and editorial commentary, you are free to unsubscribe at anytime.
You can sign up using:
Or simply create an account