Luxembourg’s €17.1 billion ($20 billion) public pension fund is the latest to join the trend among European pension funds and institutional investors to align investments with the U.N.’s Sustainable Development Goals.
Luxembourg’s Fonds de Compensation is developing a €50 to €100 million equity fund aligned with the SDGs and a green bond fund of the same size.
The pension fund is looking to align investment with Luxembourg’s commitment to the Paris Agreement and support for the U.N.’s 2030 sustainable development agenda, according to Christian Würth, one of the fund’s advisors.
Last week, Spain’s fourth-largest bank, Bankia, opened a fund to retail and institutional investors aligned around five of the 17 SDGs.
