APG Asset Management in Leaders Group of Principles for Responsible Investment
Principles for Responsible Investment (PRI) has recognized APG Asset Management as one of the leaders in responsible investing. Including APG AM in its 2020 Leaders’ Group, PRI specifically acknowledges APG’s excellent disclosure and advanced efforts in climate reporting.
APG has been reporting on climate risks and opportunities for years, in line with the recommendations of the Task force on Climate-related Financial Disclosures (TCFD). “For our clients, we work to achieve targets such as carbon reduction and investments in SDG 7: Affordable and clean energy,” says Joost Slabbekoorn, Responsible Investment Specialist at APG AM. “Being included in the PRI 2020 Leaders’ Group is an important acknowledgement of our work.”
Climate reporting
Launched in 2006, PRI is a global association of over 3,000 asset owners, asset managers and companies that seek to promote responsible investing. Every year, PRI identifies a group of leaders (not ranked) in a specific area of responsible investing. This year’s theme is climate reporting. The 2020 Leaders Group consists of 36 asset owners and investment managers.
PRI chose the climate reporting theme as many of its signatories consider climate change to be one of the most material ESG risks. “As climate-related risks and opportunities are set to grow in the coming years, it is increasingly important for investors to incorporate them into their view of the future,” says Slabbekoorn. To assess signatories’ climate work, PRI examined, among other things, whether they have a board-approved implementation plan to manage material climate risks and opportunities, how they use scenario analysis and whether they are working towards specific climate-related targets.
Inspiring peers to raise the bar
With the selection of the Leaders Group, PRI aims to inspire other signatories to follow the leaders’ best practices. “I congratulate APG Asset Management for qualifying for the 2020 Leaders’ Group, and recognize your excellent disclosure and advanced efforts in climate reporting,” says Fiona Reynolds, PRI’s CEO. “I hope this recognition can help APG Asset Management and our entire signatory base to keep raising the bar in responsible investment.”
Read more in the PRI 2020 Leaders’ Group report.
More information on APG’s climate work can be found in our Verslag Verantwoord Beleggen.