PGGM as a forerunner in Responsible Investing

22-01-14 | Newspaper article |

The State of Israel accused PGGM of taking a political decision when divesting the shares of five Israeli banks. The banks are involved in investments in the occupied territories. In this article (in Dutch) Harry Hummels analyses the case and concludes that PGGM's decision finds its raison d'être in the Responsible Investing policy of the organization. It is not a covered attempt to influence Israeli politics, but an expression of having meaningful investment principles. 




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