International and national guidelines define the principles for the pension fund's work with responsibility in practice, and accordingly how we consider responsibility when investing.
- P+ considers the investment managers and their expected investments.
- P+’s investment committee discusses new prospective investments.
- Investment managers consider companies and countries and make the investment.
- P+ is responsible for monitoring – investment committee – voting – dialogue – exclusion list
Before the pension fund invests, we consider prospective investments in relation to responsibility, and when the pension fund selects investment managers to invest on behalf of the pension fund, their work with responsibility is included in the evaluation and the final investment decision.
Investment managers must consider how companies identify, prevent and handle actual and potential negative impact on e.g. human rights, employees’ rights, climate, environment, tax and anti-corruption.
The pension fund exercises active ownership in relation to its investments. Active ownership includes monitoring of companies, dialogue with selected companies, cooperation with other investors and as far as possible voting on companies’ general meetings. The consultancy firm EOS and investment managers are responsible for the dialogue with companies on behalf of the pension fund.
The purpose of active ownership is to encourage the companies to comply with the pension fund’s policy for responsible investments, reduce risks as well as promote the companies’ long-term value creation.
Business relationships and networks
The pension fund is part of below-mentioned networks and organisations through which we work for responsible investments in different ways.