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United Nations Joint Staff Pension Fund

PRI reporting framework 2020

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ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

13.1. Indicate whether the organisation carries out scenario analysis and/or modelling, and if it does, provide a description of the scenario analysis (by asset class, sector, strategic asset allocation, etc.).

Describe OIM uses Entelligent's predictive climate analytics data which is based on scenario analysis with integrated climate modeling for 1, 2, 3 & 4 degrees climate risk impact on equity portfolios. Concurrently, the OIM is using a Business as Usual Assumption of 4 degrees layered into the equity climate score rankings.

13.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

We do the following

          External ESG Leadership Fund.
        

13.3. Additional information. [OPTIONAL]

ESG Leadership Fund - External Equity 

UNOIM is building an ESG Leadership Fund to improve UNJSPF's ESG profile and position it as a leader in Sustainable Investing along with expanding mechanisms for integrating ESG factors into the internal investment process through partnerships with the external funds.

Active Entelligent Climate Score Integration  - Public Equity 

Smart Climate’s methodology gives positive grades to companies focused on making the fastest transition to a low carbon economy. Smart Climate seeks to identify companies with a large carbon footprint making the most progress to reduce emissions. Investors can make a more significant contribution to addressing climate change by investing in companies that are reducing their carbon footprint.

Active Sustainable/Social Bonds Exposure 

OIM has ~ $50M exposure to sustainable bonds and social bonds.

Active Green Bond Portfolio Allocation 

In 2008, OIM invested in the first green bonds issuance by the World Bank, which now represents over US$400 million in assets.  
https://oim.unjspf.org/report/unjspf-press-release-un-pensions-journey-in-sustainability/
https://oim.unjspf.org/wp-content/uploads/2018/09/Sustainable-Investing-for-Institutional-Investors-Moodys-Climate-Week-Briefing-2018.pdf

Real Estate - GRESB, LEED & BREEAM Certification

From 2013 to 2018, the core real estate portfolio has consistently improved it's overall GRESB average score from 50 to 75, representing a 50% improvement over the past five years. 


SG 13 CC.


SG 14. Long term investment risks and opportunity (Private)


SG 14 CC.


SG 15. Allocation of assets to environmental and social themed areas (Private)


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