M&G has joined the Powering Past Coal Alliance (PPCA) and announced its intentions to end investment in thermal coal by 2030 for developed countries and 2040 for emerging markets.
The latest announcement form part of the firm’s net-zero by 2050 ambition.
The PPCA is a coalition of national and sub-national governments, businesses and organisations working to aid the transition from coal power generation to clean energy, and was launched by the UK and Canadian governments in 2017.
Channels:Governance