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Renewable energy, clean mobility, transport, forestry, sustainable agriculture and biodiversity businesses are set to benefit
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With pension funds controlling close to $60tn of global assets, could they play a key role in turning the tide on nature investments?
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This takes its overall environmental divestment to £3bn
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It has committed to achieving net zero emissions by 2050
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It will not invest in companies that are involved in the extraction, production, supply and transportation of fossil fuels or those that generate power from or own reserves of fossil fuels
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It claims to be the first major pensions and insurance provider to set such a goal by 2030
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The pension provider’s new policy will exclude companies which derive more than 10% of their revenue from thermal coal and tar sands
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