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Robeco wins Voting and Engagement mandate by Wales Pension Provider

News Team, 11/05/2020

Dutch asset manager Robeco today announced its appointment as the Voting and Engagement provider for the Wales Pension Partnership (WPP).

The WPP is the pooling entity for the eight Local Government Pension Scheme funds (“LGPS”) covering the whole of Wales.

As part of the mandate, Robeco will assist WPP in developing and framing a voting policy which will be implemented across WPP’s GBP 5 billion active equity portfolio. Robeco will also work with WPP on structuring engagement principles and undertake engagement activity on behalf of WPP, working in collaboration with partners to achieve effective results.

The firm will also assist with integrating industry best practice into the WPP’s investment process and decision-making framework, as well as providing ongoing training and reporting to the Local Government Pension pool and its constituent authorities.

Peter Walsh, Head of Robeco UK said in a statement: “We are extremely pleased to be working with Wales Pension Partnership as its voting and engagement provider. Winning this mandate builds on our solid traction in the local government pension fund sector and I am proud of the confidence that WPP has placed in our longstanding experience in sustainable investing.

“We look forward to a long and productive partnership. Together we aim to drive positive, sustainable change by leveraging on our extensive engagement and voting expertise.”

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