- Danish pension company Velliv has transferred management of Core Sustainability Capital to private equity company Polaris.
Polaris will take over the management of investments and activities in the Danish management company Core Sustainability Capital. The management company was established by Velliv to support sustainable development through investment in and lending to Nordic companies in the areas of renewable energy and energy optimisation, resource efficiency and social balance.
- Dutch pension asset manager PGGM will move its headquarters to Gildenkwartier in Utrecht, which is being redeveloped into De Nieuwe Tuin, a sustainable office complex.
The redevelopment will be completed at the end of 2027 and offers 32,000 square metres of space with a central garden and several roof gardens. The location of the building, near Utrecht Central Station, aims to encourage new talent. The transformation will be led by Schroders Capital, Boelens de Gruyter and architectural firm BiermanHenket.
Commenting, Boelens de Gruyter director, Maarten de Gruyter, said: "We look forward to using our expertise in inner-city redevelopment to breathe new life into this iconic building in the heart of Utrecht. We are therefore proud that with De Nieuwe Tuin we will create a valuable place for PGGM employees."
- A UK WTW poll has revealed 'strong support' from pension professionals for climate-conscious missions.
Nearly half (44 per cent) of UK pension professionals think they should consider environmental impacts when running a pension scheme. In addition to this, just over three quarters (78 per cent) supported either a beneficiary mission that maximises the value of members’ benefits, or a wider mission that incorporates climate change considerations. Meanwhile, less than a quarter (22 per cent) felt they have a narrow mission just to pay benefits as they fall due.
WTW managing director, James Wintle, said the survey underscored the “growing” trend among UK pension trustees to prioritise environmental factors in their decision-making, reflecting the UK pensions industry’s desire to do more for both its members and the environment.
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