Toolbox for the Dutch Pension Funds Agreement on Responsible Investment available

On 12 December 2019, the Toolbox for the Dutch Pension Funds Agreement on Responsible Investment was published in Dutch. Today, the translation of the toolbox becomes available. This Toolbox provides guidance to pension funds for the implementation of the Agreement.

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A baseline assessment, conducted to gain a better understanding of the current situation of Participating Pension Funds, showed that many of them have a responsible investment policy and implement these. However, the level of detail and degree of specificity differ significantly from one fund to the other.

The Toolbox

The Dutch Pension Funds Agreement on Responsible Investment (the Agreement) stipulates that within a year after the Agreement has entered into force, the Parties shall develop a toolbox containing recommendations for policy, contracts with external service providers, monitoring and reporting, which participating funds shall incorporate into or use to improve their responsible investment approach. The Toolbox is a result of intensive cooperation between pension funds, NGOs, trade unions and the government in the Agreement.

Guidance for pension funds

The Toolbox contains guidance for signatory pension funds which are working on the different elements and arrangements following from the Agreement. The Toolbox follows the text in the Agreement and provides clarification on the text.
The Parties will monitor the use of the Toolbox and shall catalogue possible points of improvements which will be used to further develop the Toolbox.

Theme overview

An overview is being developed to support the pension funds with finding information on specific themes that have emerged as risks based on the due diligence process or which have been prioritised by the participants of the pension funds. This overview will become part of the Toolbox and is expected to be published in the first or second quarter of 2020.

The Objective of the Agreement

The Dutch Pension Funds, the Federation of the Dutch Pension Funds, NGOs, trade unions and the government signed the Dutch Pension Funds Agreement on Responsible Investment on 20 December 2018. The objective of the Agreement is for the Parties to prevent, mitigate and remediate the consequences of investments by pension funds on society and the environment. The Parties will contribute their knowledge and expertise to this end.