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IPE – Swiss retailer makes ESG standards mandatory for external managers

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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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