Nest and UBS cut five energy firms from portfolios

Nest also set a 2025 carbon reduction target to support its 2050 net-zero commitment

Holly Roach
clock • 2 min read
Nest and UBS cut five energy firms from portfolios

Nest and UBS Asset Management have cut five energy firms they deem “unresponsive” from their portfolios.

UBS divested its holdings from Exxon Mobil, Imperial Oil, Kepco, Marathon Oil and Power Assets. The firm has applied these exclusions across its range of climate aware funds, including the one it manages...

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