The chimney of a coal-fired power plant stands behind a lion statue in Shanghai on October 21, 2021. Photo: Reuters
The chimney of a coal-fired power plant stands behind a lion statue in Shanghai on October 21, 2021. Photo: Reuters

AIA sells almost US$10 billion of coal-related investments as companies rush to sever ties with the fuel in their bid to go green

  • The insurer completed the entire sale of directly-managed equity and fixed income portfolios in October, seven years ahead of its original target, according to a statement
  • AIA will no longer invest in any business directly involved in coal mining or generating electricity from coal

Topic |   Green finance
The chimney of a coal-fired power plant stands behind a lion statue in Shanghai on October 21, 2021. Photo: Reuters
The chimney of a coal-fired power plant stands behind a lion statue in Shanghai on October 21, 2021. Photo: Reuters
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