The €414bn Dutch civil service scheme ABP has emerged as another investor in a green bond issued by Schiphol Group to finance sustainability improvements at Amsterdam’s international airport.
ABP invested €15m in the bond, while Dutch pension manager PGGM previously announced it had invested €10m. The investment is aimed at eliminating carbon emissions from Schiphol’s terminals and transport facilities, as well as making the airport “garbage-neutral” by 2030.
ABP highlighted that the investment would achieve “attractive” returns while also improving the environment.
It said it considered the green bond as a first step to increase the sustainability of the aviation sector, and added that the investment would comply with the strict international sustainability standards of the Green Bond Principles.
The number of green bonds in ABP’s investment portfolio is rising fast. In 2016 it held 59 green bonds with a combined value of €1.4bn – a year later this had increased to 102 bonds worth €3.5bn in total.
Recently, ABP invested more than €110m in the first Irish green bond.
Source IPE