Industry News: ESG

Allianz Global Investors to Reduce Holdings of Coal Businesses

Written by ESG | 12-Jul-2021 4:15:05 PM

2021-07-08

BNN Bloomberg: The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that starting in December it will no longer invest in companies that derive more than 30% of their annual revenue from thermal coal extraction, as well as those where more than 30% of their electricity production is based on coal. 

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