ABP pension fund plans €30 billion investment with focus on sustainability
ABP, the Dutch civil servants’ pension fund, has unveiled ambitious plans to invest an additional €30 billion with a heightened emphasis on impact projects and sustainability. As the largest pension fund in the Netherlands and the fifth largest globally, ABP aims to allocate €10 billion domestically, with half of it earmarked for rental housing projects in the country.
The initiative aligns with ABP’s new sustainability and responsible investing policy, which seeks to double its returns by 2030 while prioritizing investments in affordable rental housing and sustainable energy. Additionally, ABP is exploring opportunities to finance projects related to climate initiatives and biodiversity, emphasizing a thorough due diligence process for all investments.
Of the €30 billion, €10 billion will be dedicated to impact investments, with a significant portion allocated for projects in the Netherlands, including €5 billion for the Dutch rental housing market. ABP, with over 3 million participants and assets exceeding €500 billion, had previously committed €30 billion for climate transition investments until 2030, demonstrating its commitment to addressing environmental concerns.
Moreover, ABP has responded to pressure from stakeholders and divested from fossil fuel projects and businesses, reflecting a broader shift towards sustainable investing practices. The fund’s decision to cease investments in major fossil energy producers underscores its proactive stance in promoting environmental sustainability.
Quote of the Day
No quotes found.
Newsletter
Related News