By investing their assets, pension funds can exert influence worldwide, for example in relation to human rights and the environment. In order to exert that influence more efficiently, a better understanding of the risks in the global investment chain and cooperation with local partners are required. 73 Funds, which together represent 1179 billion euros in invested assets, are signing the agreement today for this purpose.
The Dutch pensions sector, the Dutch government, trade unions and NGOs have agreed to work together in the months ahead on an agreement promoting international responsible business conduct (IRBC). In March 2017, the Federation of the Dutch Pension Funds published the Pension Funds IRBC Declaration of Intent indicating its willingness to work towards an IRBC agreement.