Stockholm (NordSIP) – At the start of September, London-based global asset manager Schroders announced it had been awarded a €3.9 billion sustainable active equity mandate from Dutch pension provider PGGM.
Established in 1804, Schroders manages £776.6 billion (€906.6 billion; $1064.2 billion) of assets as of 30 June 2025. With a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. PGGM serves over 4.4 million pension savers through its management of the Dutch healthcare pension fund PFZW. As of 30 June 2025, PGGM IM oversaw €251 billion in assets under management.
The Global Equity Transition Strategy
Alex Tedder, CIO Equities and lead portfolio manager, will be in charge of this mandate. The Global Equity Transition managed strategy, as the mandate is called, focuses on publicly listed equity investments across a diversified portfolio of holdings. Regionally, the USA, Switzerland, Japan, the UK and Taiwan are the top 5 countries the strategy is invested in. The portfolio does not have a specific sectoral focus, but IT, Financials, Industrials, Communication Services and Consumer Discretionary are the top 5 sectors that the strategy has invested in. The strategy tracks the FTSE All World index, purely for performance monitoring, rather than for portfolio construction.
“Our partnership with PGGM reflects the consistency and strength of our investment approach, which combines active security selection with advanced investment analytics. This win underlines our technical expertise and deep commitment to sustainable investment and is a milestone in the evolution of our capability. We are proud and excited to be included in the PGGM program and confident in our ability to meet and hopefully exceed the objectives of the mandate,” Alex Tedder, CIO Equities, Schroders, added.
ESG Integration
PGGM’s new mandate reports under Article 8 of the EU’s Sustainable Finance Disclosures Regulation (SFDR) and applies both Schroders as well as client specific exclusions, consistent with PGGM’s policy. Sustainability is prioritised on an equal footing with returns and risk, without compromising either and the mandate achieves a target minimum exposure to SDGs.
Schroders further noted the importance of its proprietary sustainable investment tools, such as SustainEx, and that it had worked in close partnership with PGGM to co-create a “complex solution, prioritising sustainable leaders as well as ‘improvers’ (…) demonstrating credible steps towards positive environmental and social transitions.” The portfolio is aligned with the Paris climate goals and achieves significant reductions in CO2 intensity and uses scalable, AI-supported reporting that supports engagement with sustainable improvers in their transition, as per PGGM’s objectives.
“Securing this mandate with PGGM is testament to our active and sustainable investment credentials, which give us a real competitive edge and resonate with our clients. We have delivered an innovative, highly bespoke and scalable solution with industry-leading reporting capabilities, tailored exactly to PGGM’s needs. This underlines our sustainable investing leadership, our technical expertise and, above all, collaboration across the business,” says Richard Oldfield, Group CEO at Schroders.
