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.

Partner message

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has been awarded ‘A+’ and ‘A’ ratings by the United Nations Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investing, as part of the organisation’s 2020 Assessment Reports for signatories.

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