Established in 1990, the State Pension Fund of Finland (VER) is responsible for balancing the country’s pension expenditure. As at December 31, 2019, they had € 20.5 billion ($US 22.7 billion) of assets under management.
As part of its responsible investment approach, VER considers environmental, social and governance (ESG) factors in its investment decisions (including monitoring). Additionally, it applies norms-based and negative screening based on the UN Global Compact and companies with significant portions of revenues derived from weapons, alcohol, tobacco, gambling or adult entertainment. Moreover, as part of its commitment with the UN PRI, VER engages with external asset managers to promote the implementation of the UN's Principles for Responsible Investment.