Pension Protection Fund, London, is searching for a provider of environmental, social and governance data to analyze its portfolio, said a spokeswoman for the pension fund.
The £22.6 billion ($35 billion) pension fund, which takes on the pension promises of insolvent companies in the U.K., up to now has requested information on ESG risks within its portfolio from a data and research provider on a case-by-case basis. This new service is for regular provision of these services to the PPF, the spokeswoman said.
The pension fund has continually looked to improve its responsible investment policies and framework. The data will be integrated into the PPF’s risk management system, adding to the range of risk factors that it already monitors.
The successful provider will cover all areas of the PPF’s portfolio that carry the potential for ESG risks. A spokeswoman said the pension fund intends to have the provider in place by the second quarter of next year.
Further information is available on European procurement website Tenders Electronic Daily. Proposals are due Aug. 21. A selection date wasn’t specified.