Dutch pension PME criticises traditional ESG rating frameworks

The head of ESG at Dutch pension fund PME has told AsianInvestor that the investment industry must shift from traditional ESG measures to a more impact-based approach if it is to make investment sustainable for the long term. Daan Spaargaren, head of responsible investment at the €50bn fund has criticised the limits of using traditional ESG ratings frameworks to build sustainable portfolios, as the fund prepares a more impact-based approach, due to be approved by its board in the …