On 26 October 2021 ABP reached international headlines: the second largest pension fund in the world announced it would divest from fossil fuels. It took ABP just over 2 years to divest the 15 billion it had invested in fossil fuel producing companies like Shell, BP and Exxon. A big statement from a major pension fund! Five years later we increasingly see the effects of disruptive climate change. Time to take stock: how fossil free is ABP really?
In this opinion piece published in the Volkskrant, written by ABP members, Fossielvrij and Scientists for Future, we address ABP’s fossil investment status and what needs to be the next step.