Inbrief

The Dutch pension fund of the Shell group has awarded Zurich-based Sustainable Asset Management a mandate to manage €100million ($107m, £67m) of European equities along socially responsible investment lines. The Shell Pensioenfonds assets will be invested in accordance with Shell’s statement of general business principles and will take a best-in-class approach. There will be no negative screening. The fund had originally considered investing €10m on an SRI basis, but has now significantly increased that commitment (EP4, issue 8).