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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.

16 Nov 2017

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.