GERMANY - The €49bn Bayerische Versorgungskammer (BVK) has commissioned F&C to provide shareholder engagement services.
The mandate is part of the BVK's new SRI strategy after having signed the UN Principles for Responsible Investment (UNPRI) in April.
Daniel Just, deputy chief executive and head of capital investments at BVK, said: "With our commitment to the UNPRI, we are creating added value by combining investment profitability and social responsibility actively."
F&C will engage with companies held in the BVK's equity and bond portfolio using F&C's Responsible Engagement Overlay.
The issues to be discussed with the companies range from their environmental impacts through to board composition and remuneration policies.
Further, F&C will implement a voting programme at all shareholder meetings for companies held in BVK's equity portfolio.