Our policy for 2020 – 2025
In October 2021, ABP decided to stop investing in fossil energy producers. This factsheet provides facts and figures about ABP’s investments in fossil and other types of energy, our sale of fossil fuel investments and the next steps in 2022.
In our Sustainable and Responsible Investment Policy (2020-2025), we have re-established our goals as a long-term investor and explain how we intend to achieve them. Our vision for a sustainable future looks toward 2050 and outlines our 2030 ambitions based on this vision. Our concrete goals for 2025 (for instance on carbon reduction in the equity portfolio and increased investments in the Sustainable Development Goals) are the first step on the way to achieving our long-term ambitions and vision, all built on the foundation of our 2015-2020 policy.
Please view the factsheet 'Our policy 2020-2025'.
The document below summarizes our sustainable and responsible investment policy as it was before October 2021. We are currently reviewing this policy and expect to communicate more about this in the course of 2023.
View the English summary of our Sustainable and responsible investment policy here.
In December 2022, we updated our Climate policy for 2022-2030. Our main goals summarized:
- A portfolio in line with the goals of the Paris Agreement
- Net zero greenhouse gas emissions by 2050
- 50% less greenhouse gas emissions in 2030 than in 2019
- Invest €30 billion in the climate transition by 2030, €10 billion of which in impact investments
Read the full report here (PDF)
Focus on transitions
We foresee three major transitions in the coming years that we address with our policy. These transitions will have a decisive impact on companies’ ability to create long-term value and on the lives of our participants. These three major transitions are:
- Addressing climate change and the need to transition to new means of generating energy and renewable energy sources;
- Conservation of natural resources, including increasing scarcity of raw materials and food;
- The digitalization of society, where technology plays an increasingly important role.
Human rights and corporate governance
We regard corporate respect for human rights not only as a prerequisite for all our investments, but also as the precondition for these transitions to unfold in an equitable way. We consider good corporate governance to be fundamental. Without good governance, good business management and a good relationship with shareholders, companies cannot successfully address the three transitions in a sustainable and responsible way.
ABP’s approach to corporate governance is set out in the ABP Corporate Governance Framework and the ABP Stewardship Policy. We have made agreements with our asset manager APG on how to deal with conflicts of interests in relation to stewardship activities.
ABP votes at all shareholder meetings whenever practically possible. Our voting policy applies globally. In making our voting decisions we take into account the specific context and market of the company, national corporate governance codes as well as local laws and regulations. We are transparent about our vote decisions at the shareholder meetings of the companies we invest in.
Excluded countries and companies
ABP does not invest in:
- Companies involved in the production of weapons that are banned by international treaties to which the Netherlands is party (cluster bombs, anti-personnel mines and biological and chemical weapons);
- Producers of tobacco and (key components of) nuclear weapons;
- Government bonds of countries against which the UN or EU has imposed a binding weapons embargo.
You can view the most recent exclusion list here
Responsible Investment Report
ABP published separate Sustainable and Responsible Investment Reports up to and including the 2019 financial year. As of 2020, this information is integrated into our annual report.
Sustainable and Responsible Investment Report 2019
Sustainable and Responsible Investment Report 2018
Sustainable and Responsible Investment Report 2017
Sustainable and Responsible Investment Report 2016
Sustainable and Responsible Investment Report 2015