PGGM ditches responsible investment team with new impact strategy | News
PGGM is getting rid of its responsible investment team as part of a new strategy to strengthen its impact on real-world sustainability.
The Dutch asset manager, which runs more than €250bn on behalf of PFZW, the national pension fund for healthcare workers, is in the process of overhauling its investment strategy, process and teams to put more emphasis on achieving environmental and social impact.
PGGM and PFZW have been collaborating on the plans for a few years. They centre on a new ‘3D’ investment strategy in which risk, return and sustainability impact are treated as parallel objectives.
“It doesn’t mean all our investments will be sustainable investments or impact investments,” said Piet Klop, who has been in charge of…
