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Wednesday 14 November 2018

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Autumn Conference

APG stops investing in coal-related infrastructure to half emissions

Written by Sunniva Kolostyak
14/09/2018

Dutch pension manager APG will not invest further in coal-related infrastructure and it will half emissions by 2030, it announced at the Global Climate Action Summit in San Francisco.

The manager has not invested in coal-fired power plants in a decade and is now looking to further its engagement in responsible investments.

Focusing on sustainable investments is an important strategy for APG as climate change is a systemic long-term risk for the global economy, it said in a statement.

APG CEO Gerard van Olphen, who spoke during the conference, said the Dutch are very motivated to reach its emission-cutting coals. “We have already reduced the carbon emissions of our equities portfolio by 25 per cent,” he said.

“We are leading the Dutch financial sector’s contribution to our government’s ambitious objective of cutting emissions nearly in half by 2030.”

APG, who announced a further €300m investment in Norwegian hydropower during the conference, manages pension assets for Dutch pension funds. On behalf of ABP it will invest €5bn in renewable energy by 2020.



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