DutchNews, October 14, 2015
Dutch civil service pension fund ABP is
implementing a new strategy which will boost investment in sustainable funds
and companies and encourage firms to improve their social policies.
All 4,000
companies which ABP currently invests in will have to ‘apply’ for inclusion in
the new-look portfolio, the fund said in a statement. ABP is one of the biggest
pension funds in the world, with €350bn in assets and 2.8 million participants.
The fund expects €30bn of the €90bn it invests in shares to be switched because
companies cannot meet its new standards, the Financieele Dagblad said.
Tests
involving a dummy portfolio show that taking sustainability and social
responsibility into account do not affect the overall returns. ‘The new
strategy must not have an impact on the return on investment,’ the fund’s
chairwoman Corien Wortmann told the paper.
The most concrete point in the new
strategy is a commitment to reduce carbon dioxide emissions by companies within
the share portfolio by 25% over the next five years. Investments which
contribute to a ‘better and cleaner future’ should double to €58bn and
investments in alternative energy should go up from €1bn to €5bn.
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