ABP wants to offer all participants a good pension both now and in the future. A pension they can enjoy in a livable world. That’s why we pay attention to returns, risk, costs and sustainability performance with every investment decision we make.

In this position paper we give ABP’s view on the energy transition and show how this is reflected in our investments. This paper focuses on our investments in primary energy producers* and energy suppliers in the utilities sector.

ABP wants to offer all our participants a good pension now and in the future – one they can enjoy in a livable world. That is why we carefully consider the return, risk, and cost, as well as the social responsibility and sustainability performance of each investment decision we make.

China’s unexpected pledge last September to become carbon neutral by 2060 has left many observers both excited and perplexed.

Recognizing that climate-related financial reporting is still evolving, the Task Force’s recommendations provide a foundation to improve investors’ and others’ ability to appropriately assess and price climate-related risk and opportunities.

This is the first of a three-part essay that shares how my thinking evolved from evangelizing ‘sustainable investing’ for the world’s largest investment firm to decrying it as a dangerous placebo that harms the public interest.