The Dutch association of sustainable investors, VBDO, whose members include pension giants such as ABP and PFZW, has joined the UN-supported Principles for Responsible Investment (PRI) as a service provider signatory.
VBDO, which represents around 80 of the country’s largest institutional investors, many of which are PRI signatories in their own right, is already affiliated with several international sustainability networks.
VBDO is also a member Global Sustainable Investment Alliance (GSIA), a membership body of global sustainable investment forums.
The VBDO has a 24-year history of action questions at the AGMs of Dutch listed companies. Its current focus is on living wage, climate adaptation and the Sustainable Development Goals.
Just last week it released its latest responsible investment benchmark report on Dutch pension funds, with ABP coming out top VBDO’s Executive Director Angélique Laskewitz sits on the board of Eurosif, the pan-European sustainable investment membership organisation currently undergoing a review amid the EU sustainable finance action plan and the departure of its Executive Director, Flavia Micilotta.
The VBDO officially became a PRI signatory last month, joining other responsible investment bodies such as the Responsible Investment Association Australasia (RIAA), the Australian Council of Superannuation Investors (ACSI), Switzerland’s Ethos Foundation and Canada’s Shareholder Association for Research & Education (SHARE).
Service provider signatories are supposed to support the implementation the PRI’s six principles through their relationships with investors.
A spokesperson from the PRI told RI that it was “very pleased” that VBDO had become a signatory and welcomed “other responsible investment associations joining as signatories”.