Railpen Boosts Climate Commitment, Targets Net Zero by 2050
Railpen, a prominent player in the UK's investment scene, is intensifying its dedication to climate action under the leadership of CEO Andy Bord. The pension fund, managing £34bn in assets, is actively championing climate solutions and aligning its portfolio with net-zero targets.
Bord has appointed Lewis Vanstone as head of infrastructure and Julia Diez as head of UK productive assets, indicating a strategic focus on innovative investments. Railpen is targeting 100% alignment in material sectors by 2040 and has already achieved a 23% alignment to net zero.
The fund is committed to reducing its carbon footprint, having slashed portfolio emissions by 41% and aiming to reach net zero by 2050. Railpen's dedication to climate solutions is evident in its investments, with nearly £1bn allocated to UK climate initiatives and £900m in UK infrastructure, including a 50% stake in AGR Power. By 2030, Railpen targets 90% alignment to net zero, with at least 70% of its holdings already aligned or under engagement.
Railpen's ambitious targets and strategic appointments under CEO Andy Bord underscore a clear commitment to driving climate action and promoting sustainable investments. With a significant portion of its assets already aligned to net zero and a robust roadmap for further reduction, Railpen is primed to play a pivotal role in the UK's transition to a low-carbon economy.
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