IPE – Swiss retailer makes ESG standards mandatory for external managers

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- Promotion -

The CHF23.8bn (€20.2bn) pension fund for the Swiss retail giant Migros has started to roll out a new sustainable investment strategy.

The Migros Pensionskasse (MPK) said all external managers would be required to adhere to “minimum environmental, social and governance [ESG] standards”.

“These will be based on Swiss laws and international conventions Switzerland is supporting,” the fund said in its latest annual report.

In addition, MPK said it would engage with its largest shareholdings in foreign companies as an active shareholder.

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In the midst of a global pandemic, Apple announced one of the corporate world’s most ambitious environmental blueprints – to reduce the climate impact of every Apple device to net zero by 2030. The plan involves cutting 75 per cent of the company’s existing carbon footprint, not only for its own business but also across the manufacturing supply chain and product life cycle.

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