The UNJSPF is at the forefront of Sustainable Investing
From restrictions to investing in tobacco and armaments decades ago, to setting ambitious carbon reduction targets in 2021, the UNJSPF has historically integrated sustainability issues in its investment approach
The UNJSPF has established a comprehensive framework for its activities
The Fund has various policies, tools, and resources to pursue its sustainable ambitions. It has established sound governance practices to frame its undertakings.
The UNJSPF is an active steward of its investments
The Fund is pursuing a dialogue strategy in line with is other commitments. An active sustainable voting policy combined with an engagement approach creates more effective and sustainable impact.
In line with the Net Zero Asset Alliance, we believe that companies should develop transition pathways towards decarbonization. There are two main principles we would like companies to adopt:
To achieve these two goals, the Fund has implemented two pillars: i) exclusions and ii) an engagement strategy.
Engagement plan until 2024:
We will engage beyond this timeframe with companies which fail to align with these ambitions.
Oil & Gas
We support the Alliance position on fossil fuels. In particular, for oil and gas, we believe that:
The Fund has implemented two strategies related to oil & gas: i) exclusions and ii) an engagement strategy.
Green bonds and transitioning companies are still part of our investment universe and fall under specific considerations.
Sustainable considerations are integrated into portfolio construction. OIM's sustainable investment strategy includes material ESG considerations that are being integrated throughout the entire investment decision-making process. Our sustainable investment approach is based on three pillars:
The Fund adheres to sustainable investment proxy voting guidelines in partnership with a leading global provider. OIM’s sustainable voting policy generally references globally recognized sustainability-related initiatives such as the Principles for Responsible Invest
practices, non-discrimination, the protection of human rights, and gender diversity on boards, among other objectives. They advance positive corporate ESG actions which promote practices that mitigate financial and reputational risk.
OIM is committed to a tangible impact in a real-world setting and is cognizant that in the climate related arena in particular, divestment alone does not reduce real world carbon emissions. Therefore, OIM resorts to engagement in a structured dialogue with a given company and attempts to influence the way it conducts its business.
OIM believes that direct and collaborative engagement can drive change in the way companies conduct their business activities which leads to tangible improvements. We engage with companies via our partner, Hermes EOS.
Environmental topics featured in 26.3% of our engagements over the last year.
Social & Ethical
Social and Ethical topics featured in 17.6% of our engagements over the last year.