Netherlands’ largest pension fund to boost sustainable investment, divest coal by 2030

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:The Netherlands’ biggest pension fund, ABP, said on Monday it aims to reduce the carbon footprint of its asset portfolio by 40% from 2015 levels by 2025.ABP, which already set a target to cut the carbon footprint of its assets by 25% from 2015 levels by this year, follows moves by other leading funds – notably Norway’s $1.1 trillion sovereign wealth fund – to divest heavy polluting energy companies from its portfolio.ABP manages 465 billion euros ($515 billion) in assets for civil servants. Under its new target, it said it aims to invest $5 billion in “sustainable and affordable energy” companies over the next five years, adding to $10 billion already invested in such companies.It plans to exit coal and tar sands investments, with some exceptions, by 2030, it said.Peter Branner, chief investment officer at APG, the fund’s pension manager, puts companies into three ethical categories: those that it excludes completely from its portfolio – such as nuclear weapons makers and tobacco companies; those that make a positive contribution to society, which it seeks to own more of; and a third category he termed “laggards” that have room to improve and which include the Netherlands’ biggest company Royal Dutch Shell.He said Shell’s recent profit performance had been disappointing compared to that of Denmark’s Ørsted, which has become the world’s largest offshore wind energy producer over the past decade.[Anthony Deutsch and Toby Sterling]More: Netherlands’ $515 billion pension fund to accelerate cuts to fossil fuel investments Netherlands’ largest pension fund to boost sustainable investment, divest coal by 2030last_img read more

Help wanted: SMHC needs full-time Children’s Service Director

first_imgHelp wanted: Sumner Mental Health Center, a community mental health center located in Wellington, Kansas, has a full-time opening for a Director of Children’s Services.This position requires the responsibility for coordinating children’s services programs; including school-based services and the SED Waiver, supervision of case managers, and participation on the management team as well as his/her own limited caseload.  Candidates must be a qualified mental health professional fully licensed as a therapist in the State of Kansas with child behavioral health experience.  Preference will be given for supervisory/administrative and brain based/trauma interventions experience.   A competitive salary with a 403(b) retirement plan, medical and dental insurance, and other benefits are available.  Background check required.  Detailed job requirements provided upon request by contacting HR@sumnermentalhealth.org.  Open until filled.  Equal Opportunity Employer.last_img read more