Dutch ABP pension fund to pull investments in tobacco, nuclear arms makers
ABP, the largest Dutch pension fund, plans to sell its remaining holdings in tobacco companies and nuclear arms manufacturers, worth roughly 3.3 billion euros ($4 billion), it said on Thursday.
ABP said in a statement it aimed to divest the holdings, which were not named, within a year.
“ABP is taking the next step in its sustainable and responsible investment policy,” it said. “Participants, employers and other stakeholders have growing concerns about investments in tobacco and nuclear arms.”
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