Stake increased in ethical bank

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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 spo...

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