Tag: PGGM
Netherland’s second-largest pension fund has committed €50bn to sustainable investments Netherland’s second-largest pension fund has committed €50bn to sustainable investments Netherland’s second-largest pension fund has committed €50bn to sustainable investments
Apr 14th, 2021
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Joanne Kellermann, Chair of Pensioenfonds Zorg & Welzijn (PFZW), Netherlands second-largest pension fund, says it acts on the belief that “for a good life in old age you need more than money alone; you also need a livable planet and environment”.
Kellermann, who was speaking this week at RI Netherlands 2021, stressed that the €255bn pension fund was not “an NGO or an activist”, but it “believed while making money, it could also reduce its negative impact and increase its positive impact on the world”.
PFZW, and its asset manager PGGM (spun-out by PFZW in 2008), have been prominent leaders in ESG, sustainability and - more recently - impact investing; and the fund has been typically open about the challenges of providing inflation-protected pensions while contributing to a more sustainable world.
PGGM struggled to mee…