EddieJayonCrypto
27 May 25
The $65 billion Dutch pension fund PME is warning US money managers not to abandon basic principles of responsible investing during the Trump era. PME expresses concern over US managers "caving into pressures" from the Trump administration, particularly regarding climate change, judicial attacks, an...
The $65 billion Dutch pension fund PME is cautioning US money managers against abandoning core principles of responsible investing amid pressures from the Trump administration.PME has expressed concern over US asset managers "caving into pressures," particularly regarding issues like climate change, judicial independence, and the removal of diversity, equity, and inclusion (DEI) policies.PME is currently reconsidering its $5.7 billion mandate with BlackRock after the asset manager withdrew from the Net Zero Asset Managers (NZAM) initiative, with a decision expected soon.Daan Spaargaren, PME’s senior strategist for responsible investing, highlighted worries about the Trump administration’s handling of climate change, judicial affairs, and the dismantling of DEI policies, noting that aligning investments with these actions could legitimize controversial practices.PME warns that capitulating to the Trump administration’s approach might lead US investment professionals to jeopardize their longstanding stewardship and responsible investing principles.This development signals broader tensions within the investment community about balancing financial goals with social and environmental responsibilities under shifting political landscapes.