Responsibility is the second cornerstone of our strategy, and our goal is to act responsibly across different areas. For us, this means taking responsibility for people – seafarers, pensioners, and our employees – as well as committing to the well-being of the environment and society.
The Sustainable Development Goals at the Seafarers’ Pension Fund
We have selected three main goals from the UN’s Sustainable Development Goals that we can influence the most through our actions. Additionally, we have chosen two goals that support the main goals. These are:
- health and well-being
- climate action
- peace, justice, and strong institutions
and
- decent work and economic growth
- partnerships and cooperation.
Responsible Investments
Our investment strategy is based on responsibility. We aim for better returns and reduced risk of loss by avoiding companies and industries that do not act responsibly. The Seafarers’ Pension Fund seeks to influence companies' operations and reduce the harmful impacts of climate change through its emphasis on responsible investments.
We aim to reduce the carbon footprint across all our investments, and in real investments (real estate, forest, and infrastructure), our goal is to achieve carbon neutrality by 2030. In this way, we contribute to the realization of the 2-degree target of the Paris Agreement.
We pursue responsibility across several areas (ESG factors = Environmental, Social, and Governance).
Our investment activities are also guided by the UN Global Compact Initiative. We avoid the following investments:
- ESG ratings: investments in companies with the poorest rating
- Product-based exclusions: investments in companies that manufacture weapons of mass destruction, tobacco, or have high coal intensity
- Operations-based exclusions: investments in companies that violate international norms regarding human rights, labor, environment, and corruption.
We also take into account the Financial Action Task Force’s (FATF) recommendations on international obligations to prevent money laundering and terrorist financing, as well as the financial sanctions imposed by the EU in our investment activities.
We report annually on the implementation of responsible investment principles and ownership steering in connection with the annual report and in our separate sustainability report.
