In our impact investing approach, we aim to achieve positive, measurable social and environmental outcomes alongside competitive financial returns, as defined by the Global Impact Investing Network (GIIN).
We outline our Impact Investing goals and approach in our Impact Investing Policy.
The Fund’s Impact approach is consistent with our fiduciary duty
Investments must, at the time of initial review, meet the criteria of safety, profitability, liquidity and convertibility.
The Fund’s Impact approach is outcome-focused
Impact investments are rooted in the underlying priorities of the United Nations, member organisations and participants.
We have identified four key and investable themes to guide our impact investments
Climate & Energy
Natural Resources
Fundamental needs & Infrastructure
Community empowerment & development
In addition to conventional bonds, we invest in labelled bonds. Labelled are issued by companies, governments, or other entities to finance projects or initiatives that have a positive social or environmental impact, such as renewable energy projects, affordable housing initiatives, or sustainable marine preservation programmes. These instruments are designed to support positive environmental and social outcomes and are usually geared to be aligned to support the advancement of the Sustainable Development Goals (SDGs).
By investing in these bonds, OIM can help support sustainable and responsible initiatives to achieve its goal of promoting long-term, sustainable returns for its beneficiaries.
We are committed to the long-term goal of increasing our allocation to green, social, sustainable and sustainability-linked bonds in a manner consistent with the investment principles of the UNJSPF.
Multilateral Development Banks (MDBs) are supranational financial institutions created by multiple sovereign governments. MDBs provide financing and technical assistance for infrastructure, economic and social development projects mainly to lower-middle- and middle-income developing countries, contributing to the economic development of these regions.
Given their development mandate and yield profile, MDB-issued bonds are appealing investments for the UNJSPF. MDBs and issuers are usually very transparent on where the proceeds are used and disclose publicly every project’s progress, outcome, and ultimate impact.
In addition to conventional bonds, we invest in labelled bonds. Labelled are issued by companies, governments, or other entities to finance projects or initiatives that have a positive social or environmental impact, such as renewable energy projects, affordable housing initiatives, or sustainable marine preservation programmes. These instruments are designed to support positive environmental and social outcomes and are usually geared to be aligned to support the advancement of the Sustainable Development Goals (SDGs).
By investing in these bonds, OIM can help support sustainable and responsible initiatives to achieve its goal of promoting long-term, sustainable returns for its beneficiaries.
The Fund mapped its equity investments to the SDGs to understand portfolio alignment and its contribution to key sustainable development goals and themes.
The SDG portfolio alignment approach measures the net impact of portfolio companies’ products and services on achieving targets associated with each of the 17 SDGs. Net impact implies that some of a company’s products and services may be well aligned with achieving the SDG, while other products and services may have an adverse impact and be misaligned with achieving the SDG.
*76/246. Special subjects relating to the proposed programme budget for 2022 XIII Administrative expenses of the United Nations Joint Staff Pension Fund
“21. Recalls the four main criteria for investment utilized by the Fund, and requests the Secretary-General to explore, in consultation with the Investments Committee and taking into account the observations and suggestions by the Pension Board, impact investing for part of the portfolio, including in developing and emerging markets, such as Africa, bearing in mind the real rate of return target, and to report thereon to the General Assembly in his next report”