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Dutch Pension Fund, PGGM, excludes Petrochina and Hanwha

Date: February 4, 2008

PGGM, the Dutch pension fund manager, has announced decisions to exclude two Asian equities from their investible universe. PGGM is monitoring corporate performance closely due to their implementation of a comprehensive set of ESG standards. In Petrochina's case, PGGM stated that they could not reach a satisfactory conclusion to discussions concerning the activities of CNPC, Petrochina's parent company, in Sudan. Hanwha fell afoul of PGGM's rules related to landmines.

http://www.responsible-investor.com/home/article/pggm_pulls_37m_from_petrochina_and_adds_to_weapons_blacklist/
http://uk.reuters.com/article/marketsNewsUS/idUKL1857893820080118