Ms. Wortmann-Kool added that the pension fund's participants and employers want to minimize global warming to 1.5 degrees Celsius.
ABP will reinvest the sold assets in renewable energy strategies, boosting its current €4 billion allocation.
Ms. Wortmann-Kool also said ABP will in 2022 communicate further expectations for its portfolio companies in the automotive, aviation and electricity sectors to become more sustainable.
In 2022, ABP will also set a further carbon emission reduction target for its portfolio. Currently, ABP is working to reduce its portfolio's carbon emissions to 40% by 2025.
Separately, Fidelity International pledged Tuesday to reduce carbon emissions of its investment portfolio by half by 2030.
In an effort to reach net-zero portfolios by 2050, Fidelity launched a new climate investing policy, which states the firm will phase out its investments in the thermal coal sector in Organization for Economic Cooperation and Development countries by 2030 and by 2040 globally.
"While Fidelity remains committed to working with companies on their transition, we recognize that some activities and businesses are incompatible with a net-zero future. Divestment is a last resort, but it is the only outcome where companies are unable or unwilling to show progress," said Jenn-Hui Tan, global head of stewardship and sustainable investing at the firm, in a news release.
Fidelity International had $787.1 billion in assets under management as of June 30.