Dyfed Pension Fund cuts portfolio CO2 after reducing fossil fuel exposure

James Phillips
clock
The pension fund has voted to reduce its exposure to fossil fuel investments
Image:

The pension fund has voted to reduce its exposure to fossil fuel investments

£2.7bn Dyfed Pension Fund reduces carbon footprint by 16 per cent after moving to screen out fossil fuel and thermal coal exposure in portfolio

The £2.7bn Dyfed Pension Fund will move 15 per cent of its assets into low-carbon equity portfolios in a move to reduce its carbon footprint by screening out fossil fuel and thermal coal exposure. In...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Investment

'An encouraging sign': New analysis reveals clean energy investment hit record $755bn last year

'An encouraging sign': New analysis reveals clean energy investment hit record $755bn last year

BloombergNEF reveals clean energy investment rose 27 per cent last year, but warns further rapid growth is needed to deliver on global climate goals

James Murray
clock 27 January 2022 • 4 min read
Oil and gas prices have more than doubled over the past year | Credit: iStock

Why rising oil prices risk setting 'stranded asset trap' for fossil fuel developers

Oil prices may have surged in recent months, but investing in new fossil fuel projects risks 'catastrophic levels of value destruction' when prices fall, new Carbon Tracker analysis warns

Michael Holder
clock 27 January 2022 • 7 min read
'Nationally significant project': Government pumps £100m into Sizewell C project

'Nationally significant project': Government pumps £100m into Sizewell C project

Business Secretary argues new nuclear projects are critical for enhancing energy security and cutting emissions, but critics argue that level of subsidy support is spiralling

James Murray
clock 27 January 2022 • 5 min read