UK and Nordic funds commit $130bn to climate investment

The pension funds will also report annually on the progress of their climate investments

Holly Roach
clock • 1 min read
The Climate Investment Coalition welcomed the collective financial commitment
Image:

The Climate Investment Coalition welcomed the collective financial commitment

Nest and the Environment Agency Pension Fund are among a consortium of UK funds which have joined with Nordic funds to collectively commit $130bn (£95.4bn) to clean energy and climate investments by 2030.

Asset owners from the UK, Sweden, Norway, Finland, Denmark, and Iceland made the commitment at COP26 - which is currently taking place in Glasgow - in an aim to increase the global uptake of climat...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

View profile
More from Holly Roach

Six pension funds formally announce intention to join LGPS Central

LGPS funding reaches 146% after 'dramatic' five-year increase

More on Investment

Schemes look to pass-through voting as part of customisation push
Investment

Schemes look to pass-through voting as part of customisation push

Asset owners ‘no longer content’ to be passive participants

Jonathan Stapleton
Jonathan Stapleton
clock 30 October 2025 • 1 min read
Is it right to have 25% of DC pensions invested in just seven companies?
Investment

Is it right to have 25% of DC pensions invested in just seven companies?

There is significant concentration in the passive portfolios of many DC defaults

Jonathan Stapleton
Jonathan Stapleton
clock 30 October 2025 • 3 min read
Partner Insight: What would life look like without clean, reliable water?
Investment

Partner Insight: What would life look like without clean, reliable water?

Water is the foundation of life, society, and the economy. In England and Wales, the water sector faces unprecedented challenges. Climate change, biodiversity loss, rising bills, and the threat of antimicrobial resistance are not distant risks. They are...

Royal London Asset Management
clock 30 October 2025 • 4 min read
Trustpilot