Our policy
In our Responsible Investment Policy, we have establish our goals as a long-term investor and explain how we intend to achieve them.
Focus on transitions
We foresee 2 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 2 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.
Climate Policy
We updated our Climate policy for 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
Nature & biodiversity
Aligned with the Kunming-Montreal Global Biodiversity Agreement, we envision a future where people and nature coexist in harmony by 2050. Achieving this requires valuing, conserving, restoring, and wisely using biodiversity, along with preserving ecosystem services. In our Nature & Biodiversity Policy, we share our plans to take further steps to combat biodiversity loss and contribute to solutions.
Read the full Nature & Biodiversity policy
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. 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.
Engagement with companies
Engagement is an important tool in our RI Policy. Engagement enables us to hold companies accountable for sustainable and responsible practices and address any misconduct. In our engagement policy, we elaborate on our vision on engagement and how we want to achieve our goals.
Read the full engagement policy
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 Responsible Investment Reports up to and including the 2019 financial year. As of 2020, this information is integrated into our annual report.
