The allocation represents about 1.4% of the Dutch pension fund's €11 billion climate and biodiversity target.
ABP is investing €150 million ($168 million) with SLM Partners in sustainable forestry, ImpactAlpha reported on 13 October.
The allocation is part of the Dutch pension fund's target of investing €11 billion for climate and biodiversity, per the same report.
Reported by the Who's investing desk from ImpactAlpha. Published . Corrections
The mandate uses a custom MSCI SRI index with a 7% annual decarbonization target.
Catholic sisters supplied the anchor for the faith-based vehicle's $25 million first close, ImpactAlpha reported.
A biannual industry survey reports two years of growth in the asset class, according to ImpactAlpha.
ImpactAlpha ties the pledge to strained European water supplies.
The pilot index covers 22 asset owners split between reducing financed emissions and financing reduced emissions.
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