NETHERLANDS - The €77bn (£52bn) Dutch healthcare scheme PGGM is looking to expand its responsible investment team with senior advisors, the fund said.

PGGM, the third largest pension fund in Europe, said it was looking to recruit “an experienced researcher, consultant and/or portfolio manager” as soon as possible.

The advisor will be mainly responsible for PGGM’s “engagement on governance and environmental and social issues”, to represent the fund in “international fora” and integrating the material environmental and social issues in the fund’s portfolio.

The changes come as PGGM has formulated a new responsible investment policy which the fund is currently implementing, “hence we need more man power,” a spokeswoman said.

PGGM said that is offers a salary of a maximum of €81,000 (£54,800) for the new advisors.

In April this year PGGM chief investment officer Else Bos signed the Principles for Responsible Investment, a code developed by pension funds and asset managers in conjunction with the United Nations, adopting them as a mandatory policy framework.