ABP invests €50 Million in biodiversity and sustainable shipping

Stichting Pensioenfonds ABP, a pension fund based in Heerlen, Netherlands, has invested €50 million ($54 million) in a blue bond issued by Danish renewable energy company Orsted. The proceeds from the bond will be used to support Orsted’s 2030 commitments to biodiversity and sustainable shipping. 

Stichting Pensioenfonds ABP, a pension fund based in Heerlen, Netherlands, has invested €50 million ($54 million) in a blue bond issued by Danish renewable energy company Orsted. The proceeds from the bond will be used to support Orsted’s 2030 commitments to biodiversity and sustainable shipping. 

The five-year blue bond, totaling €100 million, was issued in accordance with the International Finance Corporation’s guidelines on blue finance, which promote economic growth linked to healthy marine ecosystems.  

ABP, with €476 billion in assets, sees this investment as an opportunity to make a positive ecological impact while considering the risk and return prospects for its beneficiaries. The pension fund believes it has a societal responsibility to contribute to biodiversity protection, ecosystem restoration, and responsible long-term investing. 

Read more: https://www.pionline.com/esg/abp-pours-54-million-orsted-blue-bond