

Shauna joined the BD team at Integrum ESG in 2021, having previously worked in similar roles within Fintech companies. She holds a BA in English and New Media Studies from the University of Limerick, Ireland.
Institutional mandates are increasingly awarded on the basis of both investment capability and evidence backed ESG integration.
This latest reallocation from PFZW shows how managers that have continued to invest in stewardship, climate analytics and sustainability research are now gaining competitive advantage as asset owners refine expectations for engagement quality and transition alignment.
PFZW, the €228 billion Dutch healthcare pension fund, has appointed Man Group to run a £13 billion global equity mandate as part of its wider repositioning of its listed equity portfolio.
The fund has been tightening expectations around stewardship, climate alignment and reporting consistency and is reallocating capital to managers it believes can demonstrate credible delivery in these areas.
While PFZW’s internal review contributed to the mandate change, the outcome also highlights the relative strength of Man Group’s approach. The firm has continued to build its ESG data infrastructure and quantitative sustainability research at a time when several peers have scaled back.
This consistency has supported institutional inflows and contributed to Man Group surpassing $200 billion in assets.
Jason Mitchell, Head of Responsible Investment Research at Man Group, has noted that institutional clients in Europe are increasingly reallocating mandates based on tangible ESG performance and that maintaining a long-term commitment to responsible investment is now translating into competitive advantage.
He has emphasised that doubling down on data and research during politically turbulent periods is proving beneficial as clients scrutinise climate reporting and stewardship delivery.
The PFZW award is part of a wider pattern across global asset owners.
Climate alignment, stewardship quality and evidence backed engagement are becoming core elements of manager evaluation. Several high profile mandate changes in the past year illustrate this shift:
These case studies show that mandate decisions now integrate emissions reporting, transition planning and stewardship quality into standard due diligence for managers of all sizes.
The PFZW allocation to Man Group reinforces that this scrutiny applies not only as a risk but as an opportunity for firms able to provide transparent, evidence based reporting and demonstrable climate progress.
In competitive processes, asset owners are looking for managers that can evidence responsible investment through their data, reporting and stewardship activity, rather than referencing ESG in principle.
Managers that continue to invest in:
are increasingly advantaged in institutional searches.
Man Group’s success shows how visible and sustained commitment to responsible investment is resonating with asset owners, particularly when backed by credible data and demonstrable progress rather than stated intent alone.
As pension funds refine their stewardship expectations, advantage is shifting toward managers that combine strong investment capability with robust sustainability analytics and long-term climate integration.
PFZW’s £13 billion allocation to Man Group underscores how these capabilities are becoming decisive in mandate evaluations and highlights the opportunity for managers that have stayed committed to ESG through periods of market and political uncertainty.


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