PGGM advances 3D investing strategy balancing impact, risk and return
The latest iteration of PGGM’s impact investing journey sees a core/satellite structure around 3D investing, more active management, a total portfolio approach and the hiring of fund managers that align with the mission. Amanda White spoke to chief fiduciary investments Arjen Pasma.
Central to PGGM’s impact investing approach is that risk, return and sustainability share equal airtime in the selection of investments.
The challenge comes in the implementation of the philosophy, which PGGM deploys via a core/satellite approach. The core portfolio, which is about 95 per cent of the assets, will be returns-based with different degrees of sustainability. Then it invests for real-world impact in smaller satellite portfolios around…
