NETHERLANDS - The €19bn PME has invested €250m, or roughly 1.5% of its total assets, in a forestry project.
The fund, which covers the metal and electro-technical engineering industry, said it had agreed with the managers of the project prior to investing to shift towards sustainable forestry "in a manner that would meet the criteria of the international FSC certificate for sustainable forestry" within the next three years.
"From now on, the efforts to get a FSC certification will change the way the whole project is managed, not just PME’s part," the fund said in a release.
PME signed up to the Principles for Responsible Investments in mid May this year.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.