ABP , the € 405bn ( $ 492bn ) Dutch investment scheme , is to divest its entire holdings in chemical and nuclear weapons , estimated to be worth € 3.3bn , within a year . The move is part of a new assessment framework dedicated to sustainable and responsible investment for the fund . The framework will allow for divestment if a product is believed to be harmful to humans and if ABP , which is the largest fund in Europe , is unable to accept this as a shareholder . The divestment will relate to suppliers , producers and associates throughout the supply chain .
ABP, the €405bn ($492bn) Dutch pension scheme, is to divest its entire holdings in tobacco and nuclear weapons, estimated to be worth €3.3bn, within a year. The move is part of a new assessment framework relating to sustainable and responsible investment for the fund. The framework will provide for divestment if a product is believed to be harmful to humans and if ABP, which is the largest fund in Europe, is unable to alter this as a shareholder. The divestment will relate to manufacturers, producers and associates throughout the supply chain.