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Achmea (Netherlands) bans further investments in the oil and gas sector

Earlier this month, Dutch ICMIF member Achmea announced it was once again sharpening its investment policy as of 1 January 2021 and that investments in polluting and CO2-intensive companies will be further reduced. From now on, Achmea says it will exclude companies which derive more than 5% of their revenues from coal, extraction of oil from tar sands, Arctic oil/gas or shale oil/gas. Achmea will also enter into discussions with companies which still generate small amounts of revenue from these kinds of polluting industries to ensure that they also move towards fully CO2-neutral solutions.