PGGM’s investment chief leaves, but will stay in long-term/responsible field

Respected RI leader was a member of the TCFD working group

Eloy Lindeijer, Chief of Investment Management at PGGM, the €252bn pensions asset manager for funds including the PFZW scheme for Dutch healthcare workers, and a noted personal proponent of responsible investment, is to leave the fund after nine years.

Lindeijer, who leaves his post in October, says he wants to remain in the field of long-term and responsible investing, which he helped develop during his time at PGGM. He has not yet announced his future plans.

His replacement has also not yet been named, and Lindeijer will support the transition to a successor once a new investment head has been hired. 

Lindeijer, formerly director of the Financial Markets division at De Nederlandsche Bank (DNB), sat on the executive committee of PGGM. Notably, he was a member of the Task Force on Climate-related Financial Disclosures (TCFD), created by the Financial Stability Board (FSB), the international body that monitors and makes recommendations about the global financial system. 

At PGGM he also oversaw initiatives including the allocation of assets to a programme of Sustainable Development Investments and impact investments across themes including water scarcity, climate change, health and food security.

Responsible Investor interviewed Lindeijer at the end of 2019 as part of an ESG Leaders series. 

Lindeijer said: “The opportunity to build a best-in-class organization and to collaborate with our clients and likeminded peers in setting higher ESG standards has been very rewarding. In particular, I wish to highlight that the ambitious mission and responsible investment targets of our client PFZW will continue to be a source of strong inspiration for me. On a personal level I now look forward to pursue new challenges in the long-term asset owner community, with a continued focus on impact investing and sustainable finance.’’