PGGM, the Dutch pension fund, has issued what is believed to be the first large emerging markets equity mandate to explicitly place environmental, social and corporate governance (ESG) factors at the heart of the investment process.
The healthcare and social work pension fund has engaged Mercer, the consultancy, to find portfolio managers willing to use sustainable investment tools in emerging markets. It is believed to be keen to invest several hundred million euros, if not more, in the strategy.
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