Asset value of sector is more than twice the country’s GDP.
Record returns equated to a market rate return of 10.5% for pension plan.
The move is part of MP Pension’s 2020 ESG plans, which favor the Paris Agreement.
Fund keeps Shell and BP for now, but it will still watch the companies it did not divest from to see if—and how—their ESG efforts are improving.
AP Pension believes new employees will invest 25% of their pension in sustainable line.