French pension fund giant quickens coal divestment drive

France
On the 11.14.19 at 6:10PM

by

Tuba Raqshan

The Établissement de Retraite additionnelle de la Fonction publique (ERAFP), the first French public pension fund, will be divesting from companies whose turnover from thermal coal-related activities exceeds 10% of the turnover.
Pixabay

The French public pension fund, which has €33bn in assets, is divesting from coal, by ensuring exposure limitations on companies in this highly polluting sector.

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