Dutch fund commits to member preferences
One courageous pension fund is letting its members put their money where their mouth is. The Pensioenfonds Detailhandel has surveyed its members about their sustainability preferences and is actually making investment decisions based on the results of the survey.
In June 2018, active members of the €23 billion fund for retail workers in the Netherlands were invited to participate in an online survey run by academics at Maastricht University. Respondents were asked to decide on the sustainable investment strategy of their pension fund, specifically whether the fund should focus on three or four sustainable development goals (SDGs).
About 3.4 per cent of the 49,552 members invited to the survey answered the question on whether to add or leave out a fourth SDG. This survey was consequential, which meant that – whatever the results – the board committed to implementing them.
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