European pension funds are increasing their focus on sustainable investing, with large pension funds pulling money and putting asset managers who are distancing themselves from ESG under review. This includes the €60bn Dutch industrial workers’ PME fund which is reviewing a €5bn mandate with BlackRock due to concerns about the US asset manager’s stance on climate change. The Financial Times reports on the story.
Meanwhile, the EU’s appetite for green industries has led to US company Circ’s decision to build a $500m textile recycling plant in France. The news comes amidst the US’ retreat from clean tech funding under Trump’s leadership. Bloomberg reports on the story.
