NETHERLANDS - Dutch pension schemes ABP and PGGM have underlined their sustainable investment ambitions by increasing their stake in ethical bank, Triodos, to over 5% as part of the bank's release of over one million new shares.
Else Bos, chief executive officer at PGGM, said the fund had increased its stake because it connected with its belief that financial and social returns would go together in the long term.
A spokesman for PGGM said the organisation wanted to stimulate and encourage developments in the sustainable investment sector.
PGGM’s investment comes after it recently awarded its first mandate in sustainable managed forestry plantations to US manager GMO.
Both ABP and PGGM also recently awarded a €500m mandate to their joint investment vehicle AlpInvest Partners, to invest in clean technology.
Speaking at the time, Thijs Steger, a spokesman for the ABP fund, said the portfolio decided to invest in clean technology because it could deliver good returns in the future.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.