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    Home > Chemicals Industry > International Chemical > The Dutch metals industry plan decided to suspend coal investment

    The Dutch metals industry plan decided to suspend coal investment

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    PME, a large Dutch metal pension scheme, said it would stop investing in coal producers
    amid concerns that its holdings would become stranded assets.

    Eric Uijen, chairman of the PME executive board, believes that coal's huge carbon footprint and social pressure for sustainable energy mean that mining companies that focus solely on coal have no future and are therefore no longer suitable for their portfolios
    .

    In the case of the Paris climate agreement, the €47 billion metalworking and electronics industry plan says coal is expected to lose its role
    in energy production and steel production.

    The plan has decided that the carbon footprint of its combined investments must be reduced by 25%
    by 2021.
    The metal program has stopped investing in tar sands
    .

    As a result, the relevant sectors have begun to actively participate in the work of energy companies, focusing on the 10 worst CO2 emitters and asking them to actively participate in the energy transition
    .

    Companies that avoid dialogue on this issue or have not made enough progress in reducing their carbon footprint will be excluded from investment
    .

    PME also said that by 2021, 10% of all asset classes in the portfolio must contribute to
    achieving the UN's Sustainable Development Goals.

    PME, a large Dutch metal pension scheme, said it would stop investing in coal producers
    amid concerns that its holdings would become stranded assets.

    coal

    Eric Uijen, chairman of the PME executive board, believes that coal's huge carbon footprint and social pressure for sustainable energy mean that mining companies that focus solely on coal have no future and are therefore no longer suitable for their portfolios
    .

    In the case of the Paris climate agreement, the €47 billion metalworking and electronics industry plan says coal is expected to lose its role
    in energy production and steel production.

    The plan has decided that the carbon footprint of its combined investments must be reduced by 25%
    by 2021.
    The metal program has stopped investing in tar sands
    .

    As a result, the relevant sectors have begun to actively participate in the work of energy companies, focusing on the 10 worst CO2 emitters and asking them to actively participate in the energy transition
    .

    Companies that avoid dialogue on this issue or have not made enough progress in reducing their carbon footprint will be excluded from investment
    .

    PME also said that by 2021, 10% of all asset classes in the portfolio must contribute to
    achieving the UN's Sustainable Development Goals.

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