PensionDanmark appoints Hermes EOS to ramp up stewardship
PensionDanmark, the Danish not-for-profit labour market pension fund, has appointed Hermes EOS to take its responsible investment programme to the next level.
PensionDanmark has selected Hermes EOS to assist it in implementing its responsible investment policies and staying an active owner of the companies in which it invests.
Hermes EOS will provide its full spectrum of stewardship services on PensionDanmark’s foreign-listed equity portfolio of approximately €6.5bn and assist the company in managing its risks and adding long-term value to its investments.
Jens-Christian Stougaard, Director, PensionDanmark, commented: “Alongside our obligation to pursue high risk-adjusted investment returns, we also have a fiduciary duty to tackle social, ethical and environmental issues.
“We chose Hermes EOS because of the team’s expertise and their understanding of the commercial challenges and opportunities to engagement and good stewardship.”
Colin Melvin, CEO, Hermes EOS, said: “We are proud to have been chosen by PensionDanmark, one of the most progressive funds in the world, whose values are closely aligned with our own. I was impressed by the innovation, openness and professionalism of work the company has done so far.
“We are convinced that the data from our services are going to help them make investment decisions and challenge their fund managers to create long term value to their beneficiaries, facilitating positive change for the benefit of the wider communities.”
Hermes EOS, which is owned by Hermes Investment Management, said it is seeing increasing demand for its services in the Nordics, and PensionDanmark is the fourth client the company has taken on alongside Unipension, PKA and Industriens Pension.