Scottish Widows ‘reboots’ £250m Environmental Fund to exclude all fossil fuels

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

Scottish Widows commits to halve carbon footprint of £170bn portfolio within a decade

It claims to be the first major pensions and insurance provider to set such a goal by 2030

Scottish Widows to divest £440m from companies that pose significant ESG risk

The pension provider’s new policy will exclude companies which derive more than 10% of their revenue from thermal coal and tar sands