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Spotlight on Investors: Pensionfund Metalektro
26-Jul-2019 4:15:25 PM
Pensionfund Metalektro (PME) is the pension fund of the Metal and Electrical Engineering Industry (Metalektro) in the Netherlands. PME works on behalf of 1,300 companies and around 166,000 pensioners. As of December 31st, 2018, PME had over USD 52 billion of assets under management.
As a founding signatory to the UN's Principles for Responsible Investing, PME believes that ESG factors impact the value of their investments. The Pension Fund's approach to Responsible Investment is principles-based and respects international norms such as the OECD Guidelines for Multinational Enterprises, the International Labor Organization Standards, and the Oslo Treaty on Cluster Munitions. PME is currently seeking to decrease the annual carbon footprint of their equity portfolio by 25% by 2020 compared to 2015 levels. Finally, the Pension Fund is aiming to align 10% of their portfolio to the UN Sustainable Development Goals by 2021.
