Pensioenfonds PostNL introduces Paris Aligned Benchmark to investments

The Netherlands Pensioenfonds PostNL has announced it has introduced the Paris Aligned Benchmark (PAB_ to its investments, as it wants to make an active contribution to reducing CO2 emissions within its investments.

“As an investor we are now obliged to further reduce the CO2 emissions of our investments. So that we actively contribute to ensuring that the earth does not warm up more than 1.5 degrees. That was the agreement in the Paris climate agreement,” the fund stated.

The pension fund is required to reduce its CO2 emissions by a further 7 per cent each year but it said that fossil fuel investments are still necessary. However, the PAB prohibits investments in companies that get more than 1 per cent of their turnover from coal, get more than 10 per cent of their turnover from oil and/or, more than 50 per cent from the extraction of natural gas.

The fund said 0.8 per cent of its investments are still in fossil fuels and coal is completely excluded.

“For a large part of our investments, the CO2 footprint has been below the PAB target since the end of 2021 because over the past few years we had already considerably reduced the CO2 emissions of the investments.”

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