FIM's new fund adopts zero tolerance policy to fossil fuels
The strict exclusion policy means two Finnish energy giants have been dropped by the new fund.
S-Bank and FIM are launching a new type of European listed equity fund, which applies a strict zero tolerance policy towards companies whose business involves any fossil fuels such as oil, natural gas or coal. Even Finnish listed energy giant Fortum and petroleum refinery company Neste have been excluded from the investment universe of the new Fossil-Free Europe fund.
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