Nest and UBS cut five energy firms from portfolios

Nest sets 2025 carbon reduction target

Holly Roach
clock • 2 min read

Nest and UBS Asset Management have cut five energy firms they deem “unresponsive” from their portfolios.

UBS divested its holdings from Exxon Mobil, Imperial Oil, Kepco, Marathon Oil and Power Assets. The firm has applied these exclusions across its range of climate aware funds, including the one it manages for Nest, and its actively managed equity and fixed income sustainability funds. Nest has shared ownership in these five firms through its climate aware framework and the master trust said the five companies will not return to its main portfolio until they "demonstrate clear progress in preparing for the low carbon economy, in order to deliver good investment value for its savers". Ne...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Risk Warning Review plans aim to address 'negative framing' of investing

Risk Warning Review plans aim to address 'negative framing' of investing

Lowest investment rate in G7

Alex Sebastian
clock 09 April 2026 • 2 min read
Equity fund outflows hit £1.44bn during war-torn March

Equity fund outflows hit £1.44bn during war-torn March

Calastone Fund Flow index shows

Professional Adviser
clock 09 April 2026 • 2 min read
Quality investing: Holding conviction when markets test investors

Quality investing: Holding conviction when markets test investors

Quality investors have no doubt had their conviction 'severely tested' of late

Scott Spencer
clock 31 March 2026 • 5 min read