Stichting Pensioenfonds ABP Drops Posco Daewoo Over Palm Oil Activities

Posted on 07/10/2018


Stichting Pensioenfonds ABP, which uses APG Asset Management to oversee its assets, has divested its equity ownership in South Korea’s Posco Daewoo over concerns over alleged deforestation caused by the company’s palm oil plantations in Indonesia. Stichting Pensioenfonds ABP had sold off €300,000 worth of shares in Posco Daewoo. Posco Daewoo owns these plantations through […]