Asset Management and Advisory
We aim to become the best 3D investor for PFZW. With our policy advice and asset management, we ensure a good pension and contribute to a sustainable world.
From 2D to 3D
For our client, PFZW, we aim to become the best 3D investor.
In addition to considering returns and risks, we also integrate sustainability into investment decisions. Here, our investors discuss the companies in which we invest on behalf of PFZW.
Read more
A Two-Year Engagement Program towards Oil and Gas Companies
Who is investing enough in sustainable energy?
Colin Tissen (Engagement Analyst – Responsible Investment)
Companies in the oil and gas sector have the scale, capital, and knowledge to contribute to the energy transition. However, this is not happening sufficiently. Therefore, we have conducted a two-year engagement program towards publicly traded oil and gas companies. We urged them to invest more in sustainable energy. Companies that fail to do so adequately are excluded from investment.
The energy transition involves the shift from fossil fuels to sustainable energy. It is important to increase the presence of sustainable energy in the market because fossil fuels cause significant environmental damage and are ultimately finite. As shareholders, we strive to steer companies towards a more sustainable direction.
We invest on behalf of the Pension Fund for Health and Welfare (PFZW). PFZW is committed to the Paris Agreement and demands the same from oil and gas companies in the public markets in which we invest. Therefore, we request objectives for 2030 aligned with climate scenarios that correspond to the Paris Agreement.
We will continue to invest in companies engaged in the production or refining of oil and gas if, by 2030, they derive a minimum of 30% of their energy production from sustainable alternatives to oil and gas. We determine this based on the objectives these companies publish. For companies solely engaged in oil and gas services, we expect that by 2030, at least 30% of their revenue comes from facilitating alternatives to fossil fuels.
Following the engagement program, which ran from 2022 to 2024, PFZW announced that it would continue to invest in only seven publicly traded oil and gas companies. These seven companies (Cosan S.A., Galp Energia, Granuul Invest, Neste Oyj, OMV A.G., Raízen S.A., and Worley Limited) meet our criteria and are leaders in the energy sector. They are sufficiently committed to offering or facilitating sustainable alternatives to oil and gas.
PFZW Report 2023
Read more in the PFZW Report 2023.
Read more
AI Program and Generative
Abe Scholten en Louic Vermeer (Data Scientists)
The innovation team devises smart solutions and tools for issues within PGGM. For example, they created the Energy Transition Tool for the Responsible Investment team. With this tool we assess companies on their climate ambitions to determine whether we want to continue investing in them.
Investing in figures
Managed assets
In billion EUR
2023
240,4
2022
227,8
Achieved returns
2023
8,2%
2022
-21,8%
in percentages
Achieved returns
In billion EUR
2023
18,3
2022
-65,7
Legislation
Financial instruments execution
2023
MiFID II
SFDR
AI-programma en Generatieve
Abe Scholten en Louic Vermeer (Data Scientists)
Asset Management and Advisory
The innovation team devises smart solutions and tools for issues within PGGM. For example, they created the Energy Transition Tool for the Responsible Investment team. With this tool we assess companies on their climate ambitions to determine whether we want to continue investing in them.
We aim to become the best 3D investor for PFZW. With our policy advice and asset management, we ensure a good pension and contribute to a sustainable world.
From 2D to 3D
For our client, PFZW, we aim to become the best 3D investor.
In addition to considering returns and risks, we also integrate sustainability into investment decisions. Here, our investors discuss the companies in which we invest on behalf of PFZW.
Read more
A Two-Year Engagement Program towards Oil and Gas Companies
Who is investing enough in sustainable energy?
Colin Tissen (Engagement Analyst – Responsible Investment)
Companies in the oil and gas sector have the scale, capital, and knowledge to contribute to the energy transition. However, this is not happening sufficiently. Therefore, we have conducted a two-year engagement program towards publicly traded oil and gas companies. We urged them to invest more in sustainable energy. Companies that fail to do so adequately are excluded from investment.
The energy transition involves the shift from fossil fuels to sustainable energy. It is important to increase the presence of sustainable energy in the market because fossil fuels cause significant environmental damage and are ultimately finite. As shareholders, we strive to steer companies towards a more sustainable direction.
We invest on behalf of the Pension Fund for Health and Welfare (PFZW). PFZW is committed to the Paris Agreement and demands the same from oil and gas companies in the public markets in which we invest. Therefore, we request objectives for 2030 aligned with climate scenarios that correspond to the Paris Agreement.
We will continue to invest in companies engaged in the production or refining of oil and gas if, by 2030, they derive a minimum of 30% of their energy production from sustainable alternatives to oil and gas. We determine this based on the objectives these companies publish. For companies solely engaged in oil and gas services, we expect that by 2030, at least 30% of their revenue comes from facilitating alternatives to fossil fuels.
Following the engagement program, which ran from 2022 to 2024, PFZW announced that it would continue to invest in only seven publicly traded oil and gas companies. These seven companies (Cosan S.A., Galp Energia, Granuul Invest, Neste Oyj, OMV A.G., Raízen S.A., and Worley Limited) meet our criteria and are leaders in the energy sector. They are sufficiently committed to offering or facilitating sustainable alternatives to oil and gas.
PFZW Report 2023
Read more in the PFZW Report 2023.
Read more
Investing in figures
Managed assets
In billion EUR
2023
240,4
2022
227,8
Achieved returns
2023
8,2%
2022
-21,8%
in percentages
Achieved returns
In billion EUR
2023
18,3
2022
-65,7
Legislation
Financial instruments execution
2023
MiFID II
SFDR