In a letter, Nordea Asset Management (NAM) urges the consortium behind Vietnam's Vung Ang 2 coal power station to withdraw from the project because of its high climate-related financial and reputational risks. The letter is backed by 20 other investors, including the Church of Sweden, the UK Brunel Pension Partnership and Danish Pension fund Akademikerpension.
In total, the investors represent assets worth EUR 4.7trn.
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