In December 2018, dozens of Dutch pension funds and other stakeholders pledged to prevent or tackle any negative consequences to society or the environment from pension fund investment...

Under the IRBC, all pension funds, regardless of their size or capacity, are given encouragement and support to carry out and report their due diligence in implementing the OECD guidelines...

[T]he IRBC now lays out how this process should take place...

Transparency is an important aspect of the IRBC. Pension funds have agreed to detail in their annual report how their investment policy takes the environment and climate, human rights and social relationships into account. Investors have also agreed to publish their Statement of Investment Principles on their website. They will also publish the names of the companies and investment funds in which they were invested over the previous period...

In the first year of the IRBC, pension funds, government, unions and NGOs will work together on developing a toolbox...

In the second and following years, pension funds will adapt their policy, monitoring and reporting to the agreement.

The second unique feature of the agreement is the co-operation of pension funds, government, unions and NGOs on selected cases...