PGGM as an investor
We provide our services to a number of clients. Our multi-client service provision ensures we closely monitor developments and requirements in the market and that enables us to provide better service to all our clients. We are also the overall manager of the assets of Pensioenfonds Zorg en Welzijn (PFZW), the second largest pension fund in the Netherlands. PFZW’s assets are therefore a large part of the total assets under our management. So as an investor, we have a strategic partnership with PFZW. PFZW’s investment policy largely determines how - and the asset classes in which - we invest.
We offer pension funds an efficient, high-quality platform. This requires professional skill, innovation and a focus on the long term. It is no longer enough to continue doing more of the same. We keep tight control on costs in our pursuit of excellent service provision. Moreover we invest for the long term. By always being transparent about our costs, we want to continue to earn the trust of our clients.
PGGM offers the entire spectrum of asset classes. Consequently we have expertise on, and an overview of, the entire portfolio and knowledge of all markets. We understand how the markets are interconnected.
We want to measure us with the best in the market and therefore we, where possible, cut the mandates that our clients give us into two parts. One part is accommodated at PGGM and the other at an external manager. This allows us to compare the results and gives us the opportunity to demonstrate that the quality of our work justifies our being given the mandate.
We want to set the tone in sustainable investment. Good returns take priority here. At the same time, we - and PFZW - know that a good pension is worth more in a sustainable world. This is why we invest for the long term on behalf of our clients. We take account here of the effects on people and the environment, with special attention to health care, the climate, food security and clean water. As an investor, we also have an influence on a large number of businesses worldwide. We use that influence to push sectors where a great deal is still open to improvement onto the right track. We report entirely openly on the dilemmas that this sometimes creates.