PGGM is our fiduciary manager. We closely monitor how PGGM implements our RI policies and integrates ESG in the investment processes and decisions. This is discussed regularly at different levels, e.g. at board level, in investment committee and executive office as well as in a number of working groups addressing specific RI related topics.
On a quarterly and annual basis PFZW receives extensive information about the implementation of the responsible investment policy by asset manager PGGM, including information with regard to the progress on a set of predefined KPIs. Independent/second line reviews regarding responsible investment implementation are provided to the PFZW board by the PGGM Risk and Fiduciary Advice departments.