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United Nations Joint Staff Pension Fund

PRI reporting framework 2018

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Investment policy

SG 01. RI policy and coverage

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

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

"In pertinent part, the Fund’s approved risk appetite states that “The Fund has very low appetite for the risk of losing its long-term sustainability and not being able to meet its long-term financial commitments.

Investment Objectives take into account observations and suggestions made by the General Assembly and the Pension Board, as reviewed and interpreted by the Investments Committee are as follows: Safety, Profitability, Convertibility & Liquidity "...

The broader driving objective for the UNJSPF's assets is to maintain long-term profit sustainability consistent within a pre-determined risk parameter; and, investment exposures that do not account for the future sustainability of the real economy will be adversely impacted the Fund’s ability to offset long-term liabilities. Therefore, policies that support sustainable investment initiatives that meets the targeted risk/return objective is central to the Fund’s approach and fiduciary duty. 

"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."

See SG01.3B
 
 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

General Assembly Mandate:
 
Pursuant to General Assembly Resolutions 31/197 in 1976 and 32/73 B in 1977, the General Assembly requests the Secretary-General to redouble his efforts in consultation with the Investments Committee, to ensure that, subject to careful observance of the requirements of safety, profitability, liquidity and convertibility, and in strict conformity with the Regulations of the UNJSPF, a larger proportion of the investment of the resources of the Fund is made in developing countries.

Tobacco & Armanents Restrictions:

Investments in companies that derive any revenue from the production of tobacco and that primarily deal with manufacturing and distribution of tobacco and tobacco related products are prohibited.

Investments in armaments or other military equipments: The Fund shall not invest in securities of companies that derive any revenue from the production of military weapons, weapons systems or weapons of mass destruction, including nuclear, chemical or biological weapons, or derive more than 10 per cent of their revenue from the production of customized components for purposes of the production of military weapons, weapons systems or weapons of mass destruction.


SG 02. Publicly available RI policy or guidance documents

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

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].

UNJSPF/IMD website is currently undergoing improvements and will combine the above links in a more cohesive approach that is more consistant with the public disclosure PRI guidelines.  Please source statement from IPS statement that specifies the UNJSPF acceptance of guidelines set out by PRI, UNGC and UNEP FI. 


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

We adopted an Anti-Fraud and Anti-Corruption Policy in 2016.  As a matter of policy, IMD Staff will not be influenced by outside sources whose interests conflict with the interests of the UNJSPF.

http://imd.unjspf.org/documents/IMD-Anti-Fraud-Corr-policy.pdf

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

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

 

03.3. Additional information. [Optional]

http://imd.unjspf.org/documents/UN-Anti-Fraud-Corr-framework.pdf

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

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


SG 04. Identifying incidents occurring within portfolios (Private)


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