Phasing out thermal coal - Our forward-looking approach to support a just energy transition

10 min read 19 Oct 21

  • We believe addressing coal is a key step in the journey to transition our investments to net zero emissions by 2050
  • We will use our influence as a global investor to drive positive change and help decarbonise the energy system 
  • We commit to removing our public equity and fixed income exposure to unabated coal by 2030 in OECD countries and the EU, and by 2040 across the rest of the world
  • We will be actively engaging with companies to support their phase-out from coal and transition to Paris alignment 
  • We will begin divestment in developed markets, where engagement efforts have been unsuccessful and companies fail our criteria, from March 2022, and in developing markets from March 2024

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