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 Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.