The Government Pension Fund (GPF) was established under the Government Pension Fund Act B.E. 2539 (AD 1996). Its primary objectives are
1. To provide an assurance to government officials concerning payment of gratuity and pension upon the termination of their official service,
2. To encourage regular savings amongst members, and
3. To provide welfare programs and other benefits to members.
The GPF helps its members who are government officers to grow their savings for retirement. Its investment strategy prioritises the preservation of capital and growth of return within the acceptable risk level for good quality of life after retirement for its members.
The Fund adheres to the principles of good corporate governance and adopts strong measures against conflicts of interest. The GPF has also put in place a risk management system and a governance framework to ensure compliance with the rules and regulations.
As an institutional investor, the GPF recognizes the importance of responsible investment. Apart from the financial analysis, the Fund also incorporates the sustainability and the environment, social and governance (ESG) factors in its investment decisions.
The GPF fulfils both the roles of investor and active owner by participating in all annual general meetings held by its investee companies. Through its engagement with these companies, the Fund encourages strong ESG performances and good corporate governance practices as these are key drivers of the sustainable development.