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Europe’s largest pension fund to drop tobacco and nuclear weapons investments

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Owen Walker YESTERDAY Europe’s biggest pension fund, ABP of the Netherlands, plans to ax tobacco and nuclear weapons from its investment portfolio. The €405bn scheme joins a growing list of institutional investors in shunning stocks they deem harmful to the environment and to human health. The industry-wide fund, which manages money on behalf of 2.9m members, said on Thursday it will sell €3.3bn of tobacco and nuclear arms industry holdings in the next year. “Investments in tobacco and nuclear weapons have been a dilemma for us for quite some t... Read More »

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