PKA now tallies 70 oil and gas firms and 71 coal companies on its negative list.
KLP, Norway’s largest pension fund with more than $81bn assets under management, divests from companies that derive more than five percent of their revenue from oil sands-based operations.
The report follows a request from the European Commission.
Norway’s $1trn sovereign fund has announced that it will gradually phase out oil and gas companies engaging in upstream activities such as exploration and production, while retaining refiners and other downstream operators.
The European insurance sector is the largest institutional investor in the EU with more than €10.3trn of assets under management invested in the economy in 2018, according to data by Insurance Europe.
PRI board chair Martin Skancke sees the energy transition as the next huge challenge for sovereign wealth funds. The investment framework provided by the SDGs could be the solution.
The Spanish regulator's customer attention service released its 2018 report.
A group of 12 institutional investors have set a quantified goal – to make their portfolios carbon neutrality by 2050.
The Danish pension industry will invest more than €46bn in green transition by 2030, with investments in energy infrastructure and other sustainable initiatives such as green stocks, green bonds and energy efficient construction.