Netherlands $291 Billion Pension Fund PFZW Drops BlackRock $17 Billion Investment Mandate Over Concerns on Managing Climate Risk, Allocates $58 Billion (€50 Billion) to 8 Asset Managers (Robeco, Man Numeric, Acadian, Lazard, Schroders, M&G, UBS & PGGM)
4th September | Hong Kong
Netherlands pension fund PFZW ($291 billion) is reported to have dropped BlackRock $17 billion investment mandate over concerns on managing climate risk, and allocates $58 billion (€50 billion) to 8 asset managers (Robeco, Man Numeric, Acadian, Lazard, Schroders, M&G, UBS & PGGM). PFZW – Pensioenfonds Zorg en Welzijn (PFZW) is the Dutch pension fund for the care and welfare sector. We are responsible for the pension policy and pension capital of over 3 million people. We strive to be a leading pension fund, using our collective strength to provide pensions based on the principle of solidarity and services tailored to individual requirements in the care and welfare sector. By being transparent, committed and focused on sustainable operations, we work constantly to maintain and advance our position. PFZW is established by the employers’ and employees’ organisations in the care and welfare sector. The Board of Governors (Dutch) is responsible for defining policy and operating the collective pension scheme. The Pension Council (Dutch), consisting of participants, pensioners and employers, is also an important part of our organisation. As well as extensive powers of recommendation, the council also has the right of approval in some instances. PFZW strives to achieve a high and stable return in order to offer all participants an affordable, high quality pension. We also have a social responsibility. For many years now, investing responsibly (Dutch) has been an important principle in determining our investment policy. In order to provide clear information on our activities and policy, we publish annual lists (Dutch) of all investments, asset managers involved and their investment mandates. We also apply criteria whereby we do not invest in certain companies.
“ Netherlands $291 Billion Pension Fund PFZW Drops BlackRock $17 Billion Investment Mandate Over Concerns on Managing Climate Risk, Allocates $58 Billion (€50 Billion) to 8 Asset Managers (Robeco, Man Numeric, Acadian, Lazard, Schroders, M&G, UBS & PGGM) “
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Netherlands $291 Billion Pension Fund PFZW Drops BlackRock $17 Billion Investment Mandate Over Concerns on Managing Climate Risk, Allocates $58 Billion (€50 Billion) to 8 Asset Managers (Robeco, Man Numeric, Acadian, Lazard, Schroders, M&G, UBS & PGGM)
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