Two of Europe’s largest pension funds have expanded their
collaboration in sustainable investment ahead of a United Nations (UN)
conference in Singapore.
the coming 15 years, we will need all hands on deck, and we will need a
contribution from major institutional investors to achieve these
goals.”In a joint open letter to institutional investors gathering
at a UN Principles for Responsible Investment (PRI) conference this week, the
CIOs of PGGM and APG said they were “closely collaborating” on investment
projects with other Dutch asset managers and Sweden’s four main public pension
are explicit about the specific societal goals they want to align with; where
they want to invest their beneficiaries’ money—not just where they don’t want
to invest,” wrote PGGM’s Eloy Lindeijer and APG’s Eduard van Gelderen, who
together oversee more than €600 billion ($675 billion). Dutch pensions are keen
to invest in areas such as education and health care, the pair added, “without
compromising on the financial result.”
managers MN, Actiam, and Kempen have all “worked intensively” on such themes,
alongside Sweden’s AP1, AP2, AP3, and AP4.
coming 15 years, we will need all hands on deck, and we will need a
contribution from major institutional investors to achieve these goals,”
Lindeijer and van Gelderen said.
highlighted the importance of being able to measure the contribution made by
each investment towards sustainable development goals—which could also help
attract and retain customers. “This is work in progress, both for companies and
investors,” they said. “Simultaneously, it is also a source of innovation and
The “PRI in
Person” conference in Singapore, which began on September 6, has featured
contributions from major asset owners including the California Public Employees’
Retirement System, the New Zealand Superannuation fund, Japan’s Government
Pension Investment Fund, and Australian funds HESTA and Cbus.
can change the world to make to make it a better place to live and retire in,”
Lindeijer and van Gelderen concluded.
investors representing more than $13 trillion called
on the G20 to implement high-level goals aimed at mitigating climate change.
$13T Ultimatum on Climate Change & ESG’s