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Stichting Pensioenfonds Zorg en Welzijn

PRI reporting framework 2020

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Organisational Overview
Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]
Strategy and Governance
Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]
Indirect – Manager Selection, Appointment and Monitoring
Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]
Direct - Listed Equity Incorporation
ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (B) Implementation: Thematic [LEI 07] (C) Implementation: Integration of ESG factors [LEI 08 - 10] Outputs and outcomes [LEI 12 - 13]
Direct - Listed Equity Active Ownership
Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]
Direct - Fixed Income
ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] (B) Implementation: Thematic [FI 07 - 09] (C) Implementation: Integration [FI 10 - 12] ESG incorporation in passively managed fixed income [FI 13] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]
Direct - Property
Overview [PR 01] Pre-investment (selection) [PR 04 - 06] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property monitoring and management [PR 09 - 10] Outputs and outcomes [PR 15 - 16]
Direct - Infrastructure
Overview [INF 01 - 02] Pre-Investment (Selection) [INF 05 - 09] Post-investment (monitoring and active ownership) [INF 11 - 16] Overview [INF 11] Infrastructure Monitoring and Operations [INF 12 - 14] Infrastructure Maintenance [INF 15] Stakeholder engagement [INF 16] Outputs and outcomes [INF 17 - 18]
Confidence building measures
Confidence building measures [CM1 01 - 07]
Export Public Responses
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You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Pensioenfonds Zorg en Welzijn is a signatory to the United Nations Principles for Responsible Investment (PRI). Before PFZW split off from PGGM the pension fund was closely involved in the creation and development of the UN PRI. Also, PGGM, on our behalf contributed to the organisation or content of events organised by the initiative + Participate/ Contribute in collaborative engagement projects

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Our fiduciary manager PGGM is a signatory and involved with some of the engagement activities.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Please note that we support our fiduciary manager  PGGM in taking an active rol in initiatives for us.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Our fiduciary manager  is actively involved in the initiative and is part of the board and several working groups. Please note that we support PGGM in taking an active rol in initiatives for us.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Please note that we support our asset manager PGGM in taking an active role in initiatives for us.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Please note that we support our asset manager PGGM in taking an active role in initiatives for us.

 
          VBDO

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

 

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional] 

          PGGM is a.o. our engagement and voting service provider and an active member of a number of the above mentioned organizations (see their survey)

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

SG 09.2. Assets managed by PRI signatories (Private)

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description 

          Our asset manager PGGM, on our behalf,  plays an active role in various networks and partnerships in order to encourage responsible investment and jointly bring about change. We try to mobilize the financial sector towards responsible investment, by sharing knowledge, showing best practice, and collaboration. See below a list of a few of our activities during 2019.  
1. Each year the Responsible Investment team gives a lecture regarding RI to our private market teams, offering in-depth focus on the implementation of responsible investment in daily activities. 
2. presentation for the Pensioenfederatie on OECD Guidelines  
3. Presentation EOPA regarding ESG integration.  
4. PRI webinar on the use of the taxonomy (200+ participants)  
5. training to Dufas (Dutch asset management association) and the ministry of finance and EZK on the use of the taxonomy

Frequency of contribution

Description 

          Our asset manager provided funding for an investor-led initiative that  will help real estate investors and managers to assess, manage and mitigate climate risk and to develop climate scenario-based strategies. The research will be carried out by the Austria-based Institute for Real Estate Economics (IIÖ), with the support of GRESB, the ESG Benchmark for Real Assets, and funded by APG, PGGM and Norges Bank Investment Management (NBIM). https://www.pggm.nl/english/who-we-are/press/Pages/Investors-fund-new-initiative-to-assess-climate-change-transition-risk-in-global-real-estate-investment-portfolios.aspx

Frequency of contribution

Description 

          Our asset manager PGGM works closely with Harvard, City University of New York and Wageningen University to develop models for determining the positive impact of our listed companies.

Frequency of contribution

Description 

          PFZW actively promotes RI in publications, the media and on our website. We emphasize the necessity for RI with our asset manager, PGGM Investments. We also occasionally speak at conferences on RI. We also support our asset manager PGGM in taking an active role to promote responsible investment. We show leadership and mobilise the financial sector towards responsible investment, by sharing knowledge, showing best practice, and collaboration. On our behalf, our asset managers works closely with peers in a lot of RI initiatives. Via activities like events and benchmarks PGGM shows best practice and shares knowledge with other financial institutions. When assessing external managers, we take into consideration whether they are PRI signatory and/or whether they participate in other initiatives.AIso, in our engagement with companies, transparency and disclosure is an important topic: both from a risk perspective as well as positive impact.

Frequency of contribution

Description 

          PFZW actively promotes RI in publications, the media and on our website. We also occasionally speak at conferences on RI. We also support our asset manager PGGM in taking an active role to promote responsible investment. In January 2018 Peter Borgdorff spoke at the Impact Investing Initiative where the focus was on impact investing and water projects in particular. In March 2018 Borgdorff, joined a panel discussion at the Sustainable Investment Forum, where he spoke about appropriate governance, needed within pension funds and major companies to shift investment funds to low carbon options and unlock the green market opportunities (Paneldiscussion: Good governance for financing the low carbon transition. In January 2018 Peter Borgdorff  spoke at the Impact Investing Initiative where the focus was on impact investing and waterprojects in particular.
In 2019 Peter Borgdorff spoke at the World Pension Summit about impact investing. Also, Peter Borgdorff was part of the 'FossielVrij' debate, regarding investments in fossil fuels.

Frequency of contribution

Description 

          During 2019 our fiduciary manager published severs in house research paper linked to our policy.

Frequency of contribution

Description 

          PRI membership is required for selection of external managers and it gives a higher score when assessing the industry initiative question in the assessment of general partners.

Frequency of contribution

Description 

          PFZW is taking an active role in the negotiation of the IRBC Agreement for the pension sector. IRBC Agreements promote International Responsible Business Conduct (IRBC agreements) involve partnerships between businesses, government, unions and NGOs. Together, these partners work to prevent such abuses as exploitation, animal suffering and environmental damage. Also, we responded to Environmental pressure group Fossielvrij and took part in a public debate organised by them (https://www.europeanpensions.net/ep/Environmental-group-finds-PFZWs-fossil-fuel-investments-increased.php).

Frequency of contribution

Description 

          Peter Borgdorff publishes a Blog on our website every week, occassionaly on RI: in 2019 he wrote about exclusion of fossil fuel, about carbon pricing and about impact investments. Also Peter Borgdorff wrote a blog about the Sustainable Investment Forum: http://pfzw.typepad.com/ Also, IPE will publish an article on impact investments by Peter Borgdorff.
Our fiduciary manager PGGM often publishes articles on RI in the media ( see Responsible Investor: Eloy Lindeijer, Chief of Investment Management, PGGM: the challenge of allocating assets to impact' and see the PGGM website.

Frequency of contribution

Description 

          Our fiduciary is part of PRI engagement working groups on our behalf.

Frequency of contribution

Description 

          Our fiduciary manager is an Eumedion board member.
Peter Borgdorf on the board of Pensioenfederatie (Federation of the Dutch Pension Funds)

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

 

 

SG 11. Dialogue with public policy makers or standard setters (Private)

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