Pension Protection Fund, Croydon, England, hired F&C Investments to handle responsible investing for the £1.5 billion ($2.9 billion) fund, confirmed PPF spokesman Richard Hunt.
F&C will handle the fund’s voting rights with its U.K. equity investments and encourage portfolio companies to adopt best practices on corporate governance, transparency and climate change. F&C will also advise the fund on its responsible investment strategy, created in 2006 as part of its investment principles.
The strategy is based on the assumption that companies with sound environmental, social and governance principles will offer strong, long-term financial performance and stability.
