EAPF moves into low carbon passive after climate risk concerns

Stephanie Baxter
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The Environment Agency Pension Fund (EAPF) has moved its entire £280m global passive equities portfolio into low carbon passive indices following concerns over its climate risk exposure.

The scheme announced yesterday it has switched the benchmark of the portfolio which comprises more than 10% of the EAPF's total assets to the MSCI World Low Carbon Target Index. The portfolio had previously...

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