Finnish church goes SRI

FINLAND - The Evangelical Lutheran Church of Finland's €746m pension fund is looking for one or more active European equity SRI managers, following its new guidelines for responsible investing.

In an official tender document published today, the fund said the new mandate would be €60m to €80m, "split between one or several managers, segregated or pooled structure".

In April, the Church published new guidelines for responsible investing, outlining the SRI practices of the Church for the coming years.

The fund says it believes responsible companies are better long-term investment targets.

Investment activities of the pension fund are handled through "discretionary asset management and mutual funds," according to the new guidelines.

The fund is being aided by London-based consultancy company bfinance.

Tenders can send requests to participate to the fund until August 2.

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