{"id":5287,"date":"2010-10-29T13:32:45","date_gmt":"2010-10-29T12:32:45","guid":{"rendered":"http:\/\/www.ethicalquote.com\/?p=5287"},"modified":"2010-10-29T13:38:00","modified_gmt":"2010-10-29T12:38:00","slug":"dutch-pension","status":"publish","type":"post","link":"https:\/\/www.covalence.ch\/index.php\/2010\/10\/29\/dutch-pension\/","title":{"rendered":"Dutch pension fund PNO excludes Wal-Mart over labour standards"},"content":{"rendered":"<p><a href=\"http:\/\/www.ethicalquote.com\/newTemplate\/wp-content\/uploads\/2010\/10\/101029_walmart.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5290 alignright\" title=\"101029_walmart\" src=\"http:\/\/www.ethicalquote.com\/newTemplate\/wp-content\/uploads\/2010\/10\/101029_walmart.jpg\" alt=\"\" width=\"200\" height=\"130\" \/><\/a>Pensioenfonds PNO Media, the \u00e2\u201a\u00ac3bn  industry-wide pension fund for the Dutch media sector, has excluded US  supermarket giant Wal-Mart from its investment universe because of  labour law violations. \u201cAfter careful consideration we have decided to add Wal-Mart to the PNO Media exclusion list,\u201d the fund has said on its <a href=\"http:\/\/www.pnomedia.nl\/Home\/Over_PNO_Media\/Pensioenservice\/Nieuws\/Nieuws_detail.aspx?xmid=497\">web site<\/a>. Hilversum-based PNO says its three pillars of responsible investment are engagement, voting and \u2014 in extreme cases \u2014 exclusion. United Nations Principles for Responsible Investment signatory PNO decided in 2009 to cease engaging with the Alabama-based corporation due to \u201clack of progress\u201d. It had been engaging with Wal-Mart via Hermes Equity Ownership  Services, the engagement arm of UK fund manager, Hermes, which is owned  by the BT Pension Fund. Some engagements, notably on persuading Wal-Mart to cut its CO2 emissions, have been successful \u2014 but PNO says the firm is not prepared to enter into dialogue on labour rights. Hermes has been engaging on labour rights since July 2008. Attempts  to get the topic on the agenda at Wal-Mart\u2019s annual meeting have failed. <a href=\"http:\/\/www.responsible-investor.com\/home\/article\/dutch_pension_fund_pno_excludes_wal_mart_over_labour_standards\/\" target=\"_blank\">More&#8230;<\/a><\/p>\n<p>News selected by Covalence | Country: global |  Company: Walmart | Source: <a href=\"http:\/\/www.responsible-investor.com\/home\/article\/dutch_pension_fund_pno_excludes_wal_mart_over_labour_standards\/\" target=\"_blank\">Responsible Investor<br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pensioenfonds PNO Media, the \u00e2\u201a\u00ac3bn industry-wide pension fund for the Dutch media sector, has excluded US supermarket giant Wal-Mart from its investment universe because of labour law violations. \u201cAfter careful consideration we have decided to add Wal-Mart to the PNO Media exclusion list,\u201d the fund has said on its web site. Hilversum-based PNO says its&hellip;<\/p>\n","protected":false},"author":665,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"wds_primary_post_series":0,"footnotes":""},"categories":[1],"tags":[19],"post_series":[],"class_list":["post-5287","post","type-post","status-publish","format-standard","hentry","category-news","tag-wal-mart","entry","no-media"],"_links":{"self":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/5287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/comments?post=5287"}],"version-history":[{"count":0,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/5287\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media?parent=5287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/categories?post=5287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/tags?post=5287"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/post_series?post=5287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}