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 m...

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

More on Investment

BlackRock expands impact offering through collab with Phenix Capital Group

BlackRock expands impact offering through collab with Phenix Capital Group

Offering will help clients translate impact objectives into investable portfolios

Jonathan Stapleton
clock 23 July 2026 • 2 min read
Partner Insight: Can stewardship shape real world outcomes for pension funds?

Partner Insight: Can stewardship shape real world outcomes for pension funds?

Royal London Asset Management
clock 23 July 2026 • 5 min read
The DC scheme scramble for private assets

The DC scheme scramble for private assets

Charlotte Moore finds DC plans are facing challenges around speed of deployment, scale and crowded trades

Charlotte Moore
clock 16 July 2026 • 5 min read
Trustpilot