Lloyd's Corporation announces coal divestment plan
Lloyd’s Corporation has announced it is implementing a coal exclusion policy as part of its responsible investment strategy for the Central Fund.
The new policy will apply to assets held in segregated portfolios, which account for approximately 75% of Central Fund investments.
The precise definition of what constitutes a coal company, and the criteria for divestment and exclusion will be set over the coming months.
The coal exclusion policy will come into effect from 1 April 2018.