Policy

Because PGGM sees no incompatibility between financial and social return, we look for investments on behalf of our client in companies which pay due regard to ESG (environmental, social and governance) factors.

Our responsible investment policy is implemented in the form of the following activities on behalf of our client:

  1. integration of ESG factors into the long-term equities portfolio
  2. within the asset classes, investing in appropriate themed investments that deliver a social as well as a financial return
  3. conducting an active dialogue (engagement) with the financial markets and listed companies in which we invest on behalf of our client, with the aim of raising corporate governance standards internationally
  4. conducting an active dialogue with the financial markets and listed companies in which we invest on behalf of our client, with the aim of effecting improvements at the international level with respect to environmental and social themes that are related to PGGM’s identity
  5. acting as a responsible shareholder on behalf of our client, by actively voting on a considered basis at shareholders’ meetings
  6. developing and implementing a more specific exclusions policy on behalf of our client, deciding from case to case on the basis of generic ethical standards on the exclusion of companies or markets
  7. making external asset managers more aware of the importance that PGGM and its client attach to responsible investment
  8. encouraging responsible investment in emerging markets, by seeking appropriate investment strategies
  9. developing clear and testable investment principles to guide our activities with respect to responsible investment
  10. reporting clearly on and accounting for our responsible investment activities on behalf of our client.