First annual report Pension Funds Agreement

In the first year of the Responsible Business Conduct Agreement on responsible investment by Pension Funds, the participating parties have worked hard to start the process, to get to know each other and to familiarise with each other’s procedures and requirements.

Furthermore, the first results have been delivered. Since the start in December 2018, the number of participating pension funds has increased to 81. Together they account for 90% of the assets invested by Dutch pension funds.

Implementation and monitoring

In the first year, a monitoring tool has been developed and a baseline assessment has been conducted from which progress can be measured in the coming years. In addition, a toolbox has been developed to help the participating pension funds in implementing the agreement into their policies and practices. Two cases have been selected in which pension funds are focused on improving the engagement of pension funds aimed at multinational listed companies. The first case focuses on a listed mining company and the other case on a palm oil purchaser and a palm oil producer.

All these activities are a first step in embedding the OECD Guidelines and the United Nations Guiding Principles (UNGPs) by the pension funds into their practices and policies in accordance with the objectives of the Agreement.

Read the 2019 Annual Report of the Responsible Business Conduct Agreement on responsible investment by Pension Funds.