Dutch pension fund ABP says that it plans to make €30 billion of climate and biodiversity investments by 2030.

The fund says it plans to allocate €10 billion of these ‘impact investments’ within
the Netherlands, focusing on affordable housing, sustainable energy, and innovation.

ABP expects companies with a significant impact on climate to present concrete plans for reducing emissions in the coming years. For other themes, such as biodiversity, the fund says companies should also make efforts to manage risks. ABP is implementing the criteria starting with the equity portfolio in developed markets at €102 billion.

Harmen van Wijnen, Chair of the Board of Trustees said, “Innovation is a timeless imperative for companies in a dynamic economy. They must actively embrace climate policies and contribute to the preservation of nature and biodiversity. This imperative extends to ABP as well, given the profound impact of a changing world on our investments. Effectively managing risks within our investment portfolio is of paramount importance. Conversely, ABP’s investments wield influence on the world, presenting opportunities to make a meaningful societal impact by investing in sustainable and dependable energy solutions and affordable rental housing, including within the Netherlands. This multi-faceted approach ensures that ABP’s investments yield dividends for our participants. There is resounding support for this approach among our participants”.

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