Accountability

With assets worth € 246 billion (December 31, 2011), ABP is one of the world’s largest pension funds. The aim is to invest the assets in such a way that the participant’s pension is guaranteed and remains affordable in the long term. This involves investing at the highest possible return with responsible and diversified risks. ABP is happy to provide interested parties an insight into the investment policy.

Insight into ABP’s investment policy
Where possible, ABP is open in respect of investments, returns, risks and costs. By being transparent about the policy and execution, ABP provides insight into the scope of the portfolio and the management of the investment risks. ABP reports on the executed policy, the composition of the investment portfolio and the achieved results several times a year, through quarterly reports and more comprehensively in the annual report.

ABP also wants to demonstrate in which individual investments money has been invested. However, transparency is not always desirable. ABP does not provide any detailed information if publication would be detrimental to its position on the investment market. This is the case if, for example, other investors could use this information to compete with ABP in the investment market, which is detrimental to the return. ABP shall not publish the name of a specific investment if there are legal objections in place to prevent this. This is applicable if, for example, the fund has a legal obligation to respect confidentiality. The ABP transparency policy is being actively developed. Advancements are made each year. However, with respect to certain portfolio sections, we are not in a position to fully oversee the consequences of publication for our operational activities.