The United Nations Joint Staff Pension Fund has become one of the world’s first entities to publish a voluntary report that follows new disclosure guidelines issued by the International Sustainability Standards Board.

“Advancing responsible investment while maximizing returns is one of our key priorities,” said Robert van der Zee, Acting Representative of the Secretary-General for the investment of the UNJSPF assets. “Leading the way on sharing information that is critical to the long-term financial sustainability of both our Fund and the global economy is a crucial step in this effort.”

The report details the Fund’s multipronged responsible investment approach in the context of numerous sustainability- and climate-related risks and opportunities. Contents include a breakdown of risks and opportunities, governance, strategy, risk management, metrics and targets.

It also explicitly recognizes the importance of collective action to avoid significant financial harm from the risks associated with exceeding science-based carbon emissions limits.

For its part, the Fund has set its second emissions-reduction target on the path to net zero by 2050, aiming to reduce the intensity of its financed emissions by 60 per cent by 2030 against a 2019 baseline. At the end of 2024, the Fund achieved its first target by cutting the absolute emissions of its portfolio by 48.2 per cent, exceeding the stated goal of 40 per cent.

The report is available on our website.