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"Massive risk" drives ESG bets at EUR 100 billion Finnish funds

Two of Finland’s biggest pension funds, with combined assets of EUR 100 billion, are determined to make their portfolios carbon neutral over the next decade and a half, in a race to dodge the fallout of global warming before it’s too late.

“Climate change is such a massive risk factor for companies in the future,” Anna Hyrske, head of responsible investments at Ilmarinen Mutual Pension Insurance Co., said in an interview. Photo: Ilmarinen/PR

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