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12 September 2025

Dutch pension giant PGGM awards M&G Investments £2.2 billion listed equity mandate

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2025

London, 12 September 2025 – M&G Investments (M&G) today announces it has been selected to manage a £2.2 billion (€2.6 billion¹) active, sustainable public equity mandate from PGGM – a leading pension fund service provider in the Netherlands on behalf of Dutch pension fund PFZW and its circa 3 million participants. Funded in June this year, this partnership marks the growing momentum and commitment from European asset owners towards sustainable investment solutions.

PGGM, driven by its mission to provide high quality and sustainable pensions for its PFZW’s participants, has sought a partner in M&G capable of achieving an optimal balance between return, risk, and sustainability - aligned with the Sustainable Development Goals (SDGs) - within its listed equity portfolio.

The £2.2 billion mandate is modelled on M&G’s pioneering Positive Impact Fund (the Fund) – a strategy that combines robust investment returns with measurable societal impact since 2018. Purpose built as a dual objective impact equity strategy, it blends quantifiable societal and environmental outcomes with long-term financial performance.

The strategy is managed by highly experienced fund manager and team head, John William Olsen, together with the wider Impact Equities team and Head Impact Strategist, Ben Constable-Maxwell, who oversees the impact approach. Together they have established M&G as a pre-eminent force in the public equity impact investment landscape. A disciplined proprietary ‘Triple I’ framework encompassing Investment, Intention and Impact, guides the selection of high-conviction listed companies that address global societal and environmental challenges, all whilst aiming to deliver robust, long-term returns.

Joseph Pinto, Chief Executive Officer of M&G Investments, said: “This mandate is testament to M&G’s growing impact capabilities across asset classes and the strength of our approach, expertise and proprietary framework in impact public equities that’s been cultivated over many years. It underscores the increasing demand for actively managed, research-led equity strategies that are resilient in the face of both economic and environmental change. We are proud to be awarded this mandate by PGGM to serve the millions of Dutch participants entrusting us with their retirement savings.”

Sander van der Wel, M&G’s Director of Institutional Business Development in the Netherlands, added: “By embedding sustainability into a mainstream equity mandate, PGGM has demonstrated that sustainability is integral when seeking to generate risk adjusted returns and, as a leader in this sector, will push the wider industry towards ever higher sustainability standards. Our partnership demonstrates how we can help clients achieve their sustainability objectives alongside investing for growth on behalf of millions of people saving for their retirement.”


Download a PDF of the release

Download a PDF of the release

Media enquiries

Rebecca Talbot

+44 (0) 7827 820428
Rebecca.talbot@mandg.com

George Greenstreet

Media Relations

+44 (0)7900 511020
george.greenstreet@mandg.com

Notes to editors

1 PFZW as of mid-June 2025: Soorten beleggingen - Over PFZW | PFZW


About M&G

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has £354 billion of assets under management (as of 30 June 2025).

M&G plc has over 5 million customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members. For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.

M&G recognises the importance of responsible investing, is a signatory (both as an asset manager and owner) to the UN-supported Principles for Responsible Investment (PRI), and is targeting net zero emissions by 2050, across our investment portfolios and operations. M&G Investments is a signatory to the Net Zero Asset Manager's Initiative and has committed to work with clients to align investments with the goals of the Paris Agreement. For more information, please visit: www.mandg.com This information is intended for journalists and media professionals only. It should not be relied upon by private investors or advisers. Issued by M&G Luxembourg S.A. (Registered office: 16, boulevard Royal, L2449, Luxembourg).


This information is intended for journalists and media professionals only. It should not be relied upon by private investors or advisers.

This press release reflects the authors’ present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Past performance is not a guide to future performance. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.

This press release is issued by M&G Luxembourg S.A. in the EEA, registered office 16, boulevard Royal, L-2449, Luxembourg and by M&G Investment Management Limited in the UK and outside the EEA (unless stated otherwise), registered in England and Wales under numbers 936683 with its registered office at 10 Fenchurch Avenue, London EC3M 5AG. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority.



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The information in this section of the site is intended for journalists and media professionals only.

This section of the website is for the sole use of journalists and media professionals. It should not be relied on by private investors or advisers and the information should not be construed as a financial promotion under the Financial Conduct Authority’s (FCA) Conduct of Business rules.
M&G Investments

You are about to enter the website of M&G Investments, a direct subsidiary of M&G plc.
Click here to proceed.

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.
M&G Investments

You are about to enter the website of M&G Investments, a direct subsidiary of M&G plc.
Click here to proceed.

M&G plcの直接子会社であるM&G Investments（M&Gインベストメント）のウェブサイトにアクセスするには、
こちらをクリックしてください。

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA（健全性監督機構）及びFCA（金融行為規制機構） に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited（プルデンシャル・アシュアランス・カンパニー・リミテッド）の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）とは一切関係がありません。
Prudential Portfolio Managers (South Africa) (Pty) Limited

You are about to enter the website of MandG Investments Southern Africa (Pty) Ltd a direct subsidiary of M&G plc. Click here to proceed.

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.