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Dutch Fund Divests From Blackrock Over Climate Risk
Summary by valueedgeadvisors.com
2 Articles
2 Articles
Dutch Fund Divests from Blackrock Over Climate Risk
Dutch pension fund PME, which invests around €59bn on behalf of steel and metal workers in the Netherlands, has announced an overhaul of its equity portfolio resulting in the effective divestment from BlackRock across its equity holdings.Instead, PME will expand its existing commitments with Dutch manager MN and Swiss firm UBS, in a bid to select a smaller number of asset managers who are more aligned with its climate beliefs, the pension fund s…
This mandate covers EUR 5 billion.
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