ABP pension fund stops investing in 'fossil' – an encouraging move
ABP pension fund, which also manages the pensions of UM employees, announced today that it will stop investing in fossil fuels producers. The move is an important step, which UM had been discussing with the fund for some time.
In recent years, UM has regularly engaged in public discussions on the issue. In 2020, the Executive Board of Maastricht University held a meeting with the chair of the ABP board and a representative of the Fossil Free Maastricht pressure group. This year, UM and ABP talked about the issue of 'investing in fossil' during the L1 radio programme De Stemming in response to a letter from UM to ABP.
ABP's decision is a step in the right direction taken by a major investor. Companies in the Netherlands can still make some decisive steps: on the very day of the ABP decision, UM scientists concluded Dutch listed companies must take responsibility for the negative effects that their business activities and supply chain have on people and the planet.
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