The UK’s National Trust, Europe’s largest conservation charity, has announced plans to sell its shares in fossil fuel companies. Around 4% of the charity’s £1bn ($1.2bn) It said it also required all its investment managers to be signatories of the United Nations Principles for Responsible Investment. assets are invested in companies that produce or use coal, oil and gas. The Trust said it hoped to increase investments in green start-ups and environmental and nature-based portfolios. The full divestment will take place over a three-year period, but the majority of the shares will be sold within a year.
The UK’s National Trust, Europe’s largest conservation charity, has announced plans to sell its shares in fossil fuel companies. Around 4% of the charity’s £1bn ($1.2bn) assets are invested in companies that produce or use coal, oil and gas. The Trust said it hoped to increase investments in green start-ups and environmental and nature-based portfolios. The full divestment will take place over a three-year period, but the majority of the shares will be sold within a year.