NETHERLANDS - The €10bn ($14bn) PGB pension fund for the Dutch printing industry has awarded Threadneedle with a €60m Socially Responsible Investment (SRI) mandate.
The Dutch pension fund said SRI was an essential part of asset allocations in its portfolio.
Threadneedle explained all companies within the portfolio would undergo rigorous screening by research consultant Innovest Strategic Advisors.
It said the product used an 'environmental intensity concept' - a rating is awarded to each stock based on the impact that company has on the environment.
High intensity stocks could include oil and gas companies whose negative environmental impact is high, making it more difficult for such stocks to enter the portfolio.
Podger said: "These are exciting times in the SRI arena with demand growing but moving away from classic equity products, clients are increasingly looking for asset diversification with an SRI approach.
"Environmental, Social and Governance issues are rightly getting more and more attention and it is only natural for us to expand in this sector. Threadneedle will continue to develop these types of strategies as we believe this is what the market needs and has been lacking."
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.