Another big investor has decided to reduce its exposure to fossil fuels, with AMP Capital announcing that its ‘‘responsible’’ funds would have limited scope to invest in certain mining and energy companies.

The changes will see 56 companies ruled out of bounds for the funds, and see the affected industries grouped with pornographers, weapons manufacturers, gaming companies, uranium miners, and producers of alcohol and tobacco.

AMP says its fund has placed limits on fossil fuel investment in response to investor concerns about climate change. Credit:Erin Jonasson

In a move that follows bans by several church funds and banks in northern Europe, AMP said the changes were in response to ‘‘growing interest and concern’’ about climate change from investors.

Funds operated by AMP for ‘‘Responsible Investment Leaders’’ will no longer invest in companies that derive more than 20 per cent of their earnings from thermal coal, coal-fired power generation, oil sands and the conversion of coal to liquid fuels.