PGGM Raises SRI To €3.7B
PGGM has raised its socially responsible investment by €1.1 billion to €3.7 billion in 2010.
PGGM has raised its socially responsible investment (SRI) by €1.1 billion to €3.7 billion in 2010, IPE reports. The €105 billion asset manager and pension provider for the healthcare scheme, Pensioenfonds Zorg en Welzijn, also continued to incorporate environmental, social and governance (ESG) factors in its overall investment policy. PGGM sought to generate financial returns, as well as add social value, such as local economic development, biodiversity and health, through the ESG policy. Currently, 38 companies, representing 1.2% of invested assets, have been excluded from PGGM investments, as they were unable to meet its ESG criteria or follow its engagement process.
Click here for the story from IPE.
Click here for additional coverage from Global Pensions.