"Massive risk" drives ESG bets at USD 108 billion Finnish Funds
Two major Finnish pension funds with USD 108 in AUM are briskly moving further into ESG territory due to "massive risk" factors tied to climate change, thereby seeking to avoid the major losses and stranded assets that some analysts say will hollow out banks, insurers and asset managers that fail to adapt to a greener agenda.
BY KATI POHJANPALO & LEO LAIKOLA, BLOOMBERG NEWS
Two of Finland’s biggest pension funds, with combined assets of USD 108 billion, are determined to make their portfolios carbon neutral over the next decade and a half, in a race to dodge the fallout of global warming before it’s too late.
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