Scientists at the City University of New York and Harvard University are using Dutch pension fund PGGM as a guinea pig to test metrics they’ve designed for sustainable investing.
Their study of a $2.1 billion PGGM portfolio managed by UBS Group’s asset management unit will help investors make informed decisions when allocating capital based on environmental, social and governance principles, according to a paper in a Science journal this month. Piet Klop, senior adviser of responsible investment at PGGM, said in a phone interview that the pension fund wants to invest in companies that have a positive impact on water resources, climate, human health and food security, all while delivering market rate returns.
Read the news article by Harvard
