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.
Morgan Stanley's survey of 900 institutional investors finds half expect growth of no more than 5% a year, excluding performance.
ImpactAlpha ties the pledge to strained European water supplies.
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