Use shareholder rights to improve your returns

Dutch fund PGGM

In accepting that the fiduciary duty of a pension fund is to act in the longstanding interests of its beneficiaries, the Dutch fund PGGM launched the Responsible Equity Portfolio in 2012.

This portfolio was aimed at being a long term investment strategy committed to financial, environmental, social, and governance factors with active ownership. The benefits seen from this active ownership include the pinpointing of serious material governance issues within an investment and once alerted to this “REP exited the investment, averting a share price decline of 60% over the next two years.”


Van der Velden, Alex and Otto can Buul. “Really Investing for the Long-Term: A Case Study.” Rotman International Journal of Pension Management 5, 1 (2012): 50-51.