Wales Pension Partnership (WPP) has appointed Rotterdam-headquartered Robeco as its voting and engagement provider.
Robeco will help WPP - the pooling entity for eight Welsh local government pension schemes - frame its voting policy across the pool’s £5 billion (€5.7 billion) active equity portfolio.
The Dutch fund manager will also aid WPP integrate industry best practice into its investment and decision-making processes, as well as provide ongoing training and reporting.
According to Peter Walsh, head of Robeco UK, winning the mandate builds on the firm’s “solid traction” in the local government pension fund sector.
“Together we aim to drive positive, sustainable change by leveraging on our extensive engagement and voting expertise,” he said.
Councillor Peter Lewis, chair of the joint governance committee at WPP, added: “We believe that responsible investment, alongside proactive management of environmental, social and governance issues, should result in better outcomes for WPP’s stakeholders.”
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