APG makes strategic leap into Australian forestry

APG Asset Management (APG) has expanded its responsible investment portfolio with its latest direct investment into sustainably managed forestry. In partnership with Australian superannuation fund UniSuper and the UK’s Pension Protection Fund (PPF), the $660 billion Dutch pension fund has acquired Forico, the largest private forest management company in Tasmania, and a sprawling 170,000-hectare plantation forestry estate. Under the agreement, the three investors will each own a …