Erste AM expels coal from its fund portfolios

by | 29 Jun 2021

The Austrian asset manager company Erste AM has set a date – July 1, 2021 – for the total  removal  in the fund portfolios of its fund, of investments in companies dedicated to coal mining, and the production of electricity and fuel from this raw material. The asset  manager company wants to contribute to the fulfillment of the 2015 Paris agreements on limiting the rise in global temperature to 1.5 degrees Celsius, and understands that only by expelling coal from any economic activity is it possible to achieve this goal.

 

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