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United Nations Joint Staff Pension Fund

PRI reporting framework 2018

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Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

The United Nations Joint Staff Pension Fund was established in by the United Nations General Assembly in 1949 to provide retirement, death, disability and related benefits for staff of the United Nations and the organizations admitted to membership in the Fund. As of 31st of December 2017, the Fund was serving 23 member organizations, with 126,639 active participants and 70,982 beneficiaries. On 31st December 2017, the value of the assets of the UNJSPF stood at 64,136 billion US dollars (unaudited).


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

284 FTE

02.4. Additional information. [Optional]

United Nations Joint Staff Pension Fund Board (UNJSPB)

The Fund is administered by the United Nations Joint Staff Pension Board, a staff pension committee for each member organization and a secretariat to the Pension Board and to each staff pension committee. The Pension Board reports to and formulates recommendations for approval by the United Nations General Assembly. It is composed of 33 members; 11 members represent Governing Bodies, 11 members appointed by the chief administrative officers of the member organizations, and 11 members elected by participants in service. In addition, there are 4 representatives of retirees on the Pension Board.

Investment Management Division

The Representative of the Secretary-General (RSG) reports directly to the Secretary-General. The Secretary-General was entrusted with the fiduciary responsibility for investment of the assets of the UNJSPF, in accordance with Article 19 of the Regulations of the Fund. The Secretary-General has delegated his fiduciary responsibility for the UNJSPF to the RSG. The RSG is supported by the staff of the Investment Management Division, and she is advised by the Investments Committee. Additional resources include consultants and nondiscretionary advisors.

The majority of the Fund’s assets are internally managed by the staff of the Investment Management Division. Staff members include, but are not limited to, portfolio managers, analysts, traders, operations and IT support, risk managers and compliance officers. All UNJSPF staff are subject to the United Nations Staff Regulations and Rules.

The RSG adheres to the criteria for UNJSPF investments, which were set forth by the UN General Assembly, including Safety, Liquidity, Convertibility and Profitability. The assets are invested accordingly and are diversified by country, currency, security and sector.

The RSG advocates high values and standards including acting in the best interest of participants and their beneficiaries.

Environmental, Social and Governance “(ESG”) programme

The United Nations Joint Staff Pension Fund (“UNJSPF”) has an Environmental, Social and Governance “(ESG”) programme. The Investment Management Division (“IMD”) of the UNJSPF has a duty to act in the best interest of our participants and beneficiaries. When evaluating investment opportunities, ESG issues play an important role.

As part of an international organization committed to social progress, better living standards and human rights and as a founding signatory to the United Nations supported Principles for Responsible Investment (PRI) initiative and in association with the United Nations Global Compact (UNGC) and the UNEP Finance Initiative (UNEP FI), IMD acknowledges its responsibility to society.

Our ESG programme is focused on the following areas: We have restrictions on investments in tobacco and armaments securities, and the green investment portion of our ESG programme includes both green bonds and green equity.

https://www.unjspf.org/

 


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

The Principles for Responsible Investment, convened by the United Nations Environment Program Finance Initiative and the UN Global Compact, was established as a framework to help investors achieve better long-term investment returns and sustainable markets through better analysis of environmental, social and governance issues in investment process and the exercise of responsible ownership practices.  Accordingly, the UNJSPF must protect the environment, follow sustainable development principles and values, and be a socially responsible investor in line with the United Nations Global Compact as well as taking into account the Global Compact's ten principles in its investment processes. 


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

12/31/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

http://imd.unjspf.org/


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity >50% 57.03 <10% 5.01
Fixed income 10-50% 23.9 0 0
Private equity 0 0 <10% 3.36
Property 0 0 <10% 6.33
Infrastructure 0 0 <10% 0.19
Commodities 0 0 <10% 0.18
Hedge funds 0 0 0 0
Forestry 0 0 <10% 0.03
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash <10% 4 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

Published asset class mix as per links below:

http://imd.unjspf.org/quarterlyreports.html

 


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market (Private)


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