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Spotlight on Investors: Church Pension Fund
15-Oct-2019 10:39:58 AM
Established in 1991, the Church Pension Fund is responsible for ensuring the pension payments to the employees of the Evangelical Lutheran Church of Finland. As at December 31st, 2018, the Church Pension Fund had US$ 1.6 billion of assets managed mostly by external managers.
The Church Pension Fund has been committed to responsible investing since its launch, becoming a signatory to the UN PRI in 2008. In 2014, the organization adopted Responsible Investment guidelines. Depending on the asset class, External Managers are required to apply norm-based screens to comply with the UN and OECD international norms, negative screens on companies involved in tobacco, alcohol, weapons, adult entertainment and fossil fuel, ESG integration, engagements where possible, and impact investing. Finally, in 2016, the asset owner implemented a Climate Change strategy formalizing its approach to managing the carbon footprint of its portfolios.
