Responsible investment means selecting investments with due observance of the environment, social issues and good corporate governance.
Philips Pensioenfonds believes that companies that take corporate responsibility seriously perform better in the long term than those that do not. That is why the pension fund’s investment policy takes account of these issues. This means that sustainability risks such as climate change play a role in investment decisions. This is commonly known as an ESG (environmental, social and governance) policy.
Responsible investment is currently under development at Philips Pensioenfonds. Based on a large participant survey conducted in 2020, we updated our policy and are currently working on its implementation. When we have implemented this policy, we will adjust it on the website.
More about responsible investment of Philips Pensioenfonds
Read all information about the ESG policy of the Fund
Important information about the ESG policy
The primary focus of the investment policy of Philips Pensioenfonds is on the financial interests of the pension fund’s members. Yet the pension fund feels that this responsibility in respect of its members goes hand in hand with the integration of ESG (environmental, social and governance) factors in its investment policy.
Using voting rights
One class of assets in which Philips Pensioenfonds invests is equities (i.e. shares). Each share entitles Philips Pensioenfonds to vote at the shareholder meetings of the company in question, for example if the shareholders are asked to approve the appointment or the remuneration of board members. Philips Pensioenfonds can use its voting rights to indirectly influence the quality of governance at the companies in which it invests.
Dialogues with companies
Philips Pensioenfonds initiates dialogues with the companies in which it invests to influence their quality. Known as ‘engagement’, the purpose of this type of dialogue is to protect the value of the investments, and possibly increase that value in the long term.
UNPRI & Global Compact
Subscribed to overall initiatives
Philips Pensioenfonds subscribes to the United Nations Principles for Responsible Investment (UNPRI), to underline the importance of incorporating environmental, social and governance (ESG) issues into the pension fund’s investment policy.
A UN-backed initiative, Global Compact urges companies to act in compliance with a series of ten principles for human rights, labour, the environment and anti-corruption. The principles are derived from the Universal Declaration of Human Rights, internationally recognised declarations (for example of the International Labour Organisation) and United Nations conventions.
Philips Pensioenfonds invests its assets to pay for the pensions of current and former employees. Investing the pension money is necessary to be able to offer you a good pension.