A big European investor says they will back Glencore chief executive Gary Nagle’s strategy for the future of the company’s coal mines so long as the strategy remains aligned to a net-zero emissions outcome.

Sweden’s government-run pension fund AP7 said it would engage with Glencore over the future of its coal division, which was put in the global spotlight on Thursday when Australian investor Tribeca Investment Partners called on Glencore to abandon plans to demerge coal.