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CPEG, the CHF21.3bn pension fund of the canton of Geneva in Switzerland, has handed a CHF200m (€211m) mandate to Lombard Odier Investment Managers (LOIM), as it exits the energy and fossil fuels sectors.
LOIM’s brief invests in global equities (ex Swiss) with a lower carbon footprint and is more closely aligned to the goals set by the Paris Agreement on global warming, the scheme said in its 2023 responsible investment report.
The manager will invest the scheme’s assets in equities aligned with a 2°C global warming temperature and…