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Dutch fund tests SRI approach

January 2002

The Dutch pension fund manager ABP has set up two experimental socially responsible investment (SRI) portfolios.

The portfolios, of US and European equities respectively, will invest £697,000 ($100million) each using information provided by US-based research firm Innovest.

ABP said it was taking a ‘best-in-class approach’ involving ‘the same benchmarks, sectors and companies’ as in its regular portfolios, but picking those judged to perform best from an SRI perspective.

‘We evaluate our investment strategy roughly every three years, so this will also apply to our SRI portfolios,’ it said. ‘If the strategy does result in equal or better financial returns we expect to expand the experiment’.

ABP, which is the pension fund for government and education authorities in the Netherlands, has one million members and manages £93billion.

It has set up the SRI portfolios as part of its ‘prudent investment policy’, adopted in 2000, which commits ABP to ‘account for the consequences of its investment practice for society, the environment, employees and human rights’.




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