Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
ESG-oriented decision motivated by new law.
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
More than a third of board members and a quarter of executives in large corporations are female.
Annual return nearly doubles earnings from previous year.
Allocation percentage to be determined.
Reforms will make it harder for companies to terminate pension-age employees.
But despite divestment, fund still owns hundreds of millions of dollars in fossil fuel stocks.