ABP Sells Shares in Meta, Alphabet, and Tesla: A Strategic Shift Towards Sustainable and Ethical Investments

Dutch pension fund ABP has sold all its shares in tech giants Meta, Alphabet, and Tesla, citing governance concerns.
Matilda
ABP Sells Shares in Meta, Alphabet, and Tesla: A Strategic Shift Towards Sustainable and Ethical Investments
In a groundbreaking announcement, the Netherlands' largest pension fund, ABP, revealed that it had sold all of its shares in tech giants Meta Platforms (formerly Facebook), Alphabet (the parent company of Google), and Tesla. The decision, confirmed by CEO Harmen van Wijnen in an exclusive interview with Dutch Financial Daily (FD) on February 17, 2025, is part of ABP's ongoing commitment to align its investments with strict governance criteria. While the move has raised eyebrows in the financial and tech sectors, ABP's actions are driven by its growing focus on socially responsible investing and sustainability. ABP, which manages a massive €544 billion in total assets, has long been known for its conservative yet strategic approach to investment. This latest sale marks a notable shift in its strategy, as it seeks to mitigate risks and ensure that its investment portfolio aligns with evolving global standards for corporate governance, environmental responsibility, and ethical…