In the previous Pension Update, we told you about how we updated our investment policy. We now invest sustainably, on the basis of the United Nations Sustainable Development Goals (SDGs), as listed below.
United Nations Sustainable Development Goals
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No poverty |
Affordable and clean energy |
Climate action |
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Zero hunger |
Decent work and economic growth |
Life below water |
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Good health and wellbeing |
Responsible consumption and production |
Life on land |
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Quality education |
Gender equality |
Peace, justice, and strong institutions |
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Clean water and sanitation |
Reduced inequalities |
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Industry, innovation, and infrastructure |
Sustainable cities and communities |
Partnership for the goals |
We invest mainly in fixed-income securities, i.e. at fixed interest rates and with a fixed maturity. We lend money in particular to governments of countries that are also concerned with the United Nations’ SDGs.
How our investment countries score
The University of Cambridge assessed 163 countries on meeting the UN’s objectives. We have compared the top ten countries where our fund invests against this list. The table shows by column:
- the country where we invest
- the percentage we invest per country compared with our total government investment
- the number of points achieved (out of 100) on sustainable development objectives
- the ranking on the list of the 163 countries assessed in total.
We invest more than anywhere else in the United States, which scores 74.6 points on the development objectives, putting it in 41st place. At 6th place, Germany is the highest-scoring country where we invest on the list. China is the lowest scoring country at 54th place. Finland has the highest score with 86.5 points.
IN BOX
When we add the points and the ranking together and calculate the average, we get the following:
- Average score of the top ten countries where our fund invests: 77.7 points.
- Average ranking of the top ten countries where our fund invests: 24th out of the 163 countries assessed.
We do expect further improvements, especially in the area of the environment. The countries in the table have also signed the Paris Agreement.
For more information on the updated sustainability policy for our fund, please visit our website.
What will change to your pension accrual in 2023?
- Pension increase from 1 January 2023?
- Deductible amount
- Employee premium %
- Employer contribution %
- Maximum pensionable annual salary (basic/supplement)
- Accrual percentage