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Generation capital: Greenpeace study casts doubt on sovereign wealth funds’ sustainability strategy

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Published: October 15th, 2024,
Last updated: February 1st, 2025

At COP28 in Dubai, activists are calling for less investment in fossil fuels: But even sovereign wealth funds are still buying shares in fossil fuel companies.

The current sustainability strategy of the Nuclear Waste Management Financing Fund (Kenfo) does not sufficiently meet the requirements for sustainable investments. This is the conclusion of a study commissioned by Greenpeace, which was presented on Monday. The fund, which will manage the generation capital in the future and whose sustainability strategy is to serve as a blueprint for this, currently invests €1.3 billion or 5.5 percent of its portfolio in companies that are involved in environmental destruction or human rights violations.

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Finanzen COP28