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Federal holdings in foreign nuclear power plants sold
press release 01 October 2019
Federal Government meets another goal of the coalition agreement
On 20 September 2019, the federal pension reserve fund, the federal pension fund, the pension fund of the Federal Employment Agency and the reserve fund of the social long-term care insurance sold their individual shares in companies operating nuclear power plants abroad. Taken as the result of a decision of the Investments Committee, this action meets a goal set in the coalition agreement between the governing CDU/CSU and SPD for the 19th legislative period (lines 621/6655 of the coalition agreement).
In a next step, the Federal Government will soon implement a sustainability strategy in line with current market standards and taking into account sustainability criteria. The strategy was agreed between the Federal Ministry of the Interior, Building and Community, the Federal Ministry of Finance, the Federal Ministry of Labour and Social Affairs and the Federal Ministry of Health which are responsible for the federal special funds. The Bundesbank and the Kreditanstalt für Wiederaufbau (KfW) were also involved in developing the strategy. As amended in January 2017, the Act on Pension Reserves (Versorgungsrücklagegesetz) requires such a sustainability strategy to ensure that the pension funds for federal civil servants are invested with an eye to safety, liquidity and returns.
