AXA Investment Managers divests 165 million euros from coal

AXA Investment Managers divests 165 million euros from coal

AXA Investment Managers, a France-based investment service provider, has pledged to divest 165 million euros (175 million dollars) of its fixed-income portfolios and 12 million euros (13 million euros) of equities portfolios as a result of its new coal policy. It announced that it won’t invest in companies that derive more than 50 per cent of their