Netherlands roundup: ABP completes nuclear, tobacco divestments (IPE)

Netherlands roundup: ABP completes nuclear, tobacco divestments (IPE)

The €409bn civil service pension fund ABP completed the divestment of €4bn worth of holdings in nuclear arms manufacturers and tobacco producers in 2018. The divestment included all subsidiaries and companies in the supply chain, it added.

The scheme said it had re-invested the proceeds worldwide and spread across several sectors. At the start of last year, ABP announced that nuclear arms and tobacco no longer matched its aim to invest sustainably and responsibly.

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