One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action.
“The financial sector has really lagged,” said Dominique Dijkhuis, a member of the executive board and head of investments at ABP, which is Europe’s largest pension fund. “If you say you’re committing to a climate course and then still actively granting loans to new fossil products, that’s just not aligned.”
Dominique Dijkhuis
Source: ABP
ABP is setting “transparent” key performance indicators that financial firms must meet in order to avoid being sold off ...
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