We are PGGM Investments. A solid value in health care and welfare. PGGM Investments aims to create good, affordable, and sustainable pensions for pension funds - our clients - and their participants.
Geraldine Leegwater: At the time of writing this message, the war in Ukraine is ongoing. The horrific humanitarian disaster we are witnessing can barely be comprehended and prevents us from immediately understanding all of its short- and long-term consequences. And yet, in addition to the humanity that is required of us, that is precisely our task as managers of large pension assets. Because if the world is vulnerable to war and violence, so are our pension assets. Pensions pay off best in a stable world that resolves its major issues. Instead, we are in danger of ending up in a long period of instability and conflict, with more challenges to come.
Overview 2021
At the end of 2021, PGGM Investments managed a total of over €293.5 billion in assets for its clients. We invest the collective pension assets under our management in pursuit of a high and stable return with an acceptable level of risk and, more and more, with a sharp eye on the impact we can make with our investments. We aim for long-term value creation for people and the environment, in addition to good financial results.
As an asset manager for pension funds, PGGM Investments supports its clients in fulfilling their task of providing a stable and good pension for their beneficiaries, now and in the future. Our clients and their participants are our first priority.
We support our clients in their role as principal. Amongst others, we provide advice on the implementation of their investment policy and management matters; e.g. selection and monitoring of external managers and internally managed portfolio’s.
We add value for our clients by helping them - now and in the future - realise their pension ambitions. Our objective is to provide a good, affordable and sustainable pension through best-in-class implementation within an agile and controllable organisation. With our strategy, ‘PGGM Investments, a solid value in health care and welfare’, we have made a clear choice. We primarily exist to serve the health and welfare sector. It is our ambition to be and remain the pre-eminent asset manager for the health care and welfare sector through excellent execution. Together with PFZW, we support the financial future of people who work in this sector and also contribute towards a healthy and vital sector itself. In this online Integrated Report we will show the work we have done to achieve this goals, our results and future outlook.
In the first months of 2021, PGGM Investments formulated a new vision for its investments chain, ‘Vision 2030’. As the No. 1 investment manager for healthcare and welfare sector pensions, where are we going to be in 2030? The investment vision for 2030 is based on "sustainable value creation": asset management aimed at generating good financial returns through long-term value creation, with a positive contribution to society and the environment
The investment policy is determined by our clients. During 2021, PGGM Investments had six pension funds as clients: PFZW, Stichting Pensioenfonds voor Huisartsen (SPH), Stichting Bedrijfstakpensioenfonds voor het Schilders-, Afwerkings- en Glaszetbedrijf (BPF Schilders), Stichting Pensioenfonds Smurfit Kappa Nederland, Stichting Bedrijfstakpensioenfonds voor de Particuliere Beveiliging, and Stichting Pensioenfonds voor de Architectenbureaus (PF Architectenbureaus).
Clients trust in PGGM Investments to carry out their policy and give us long-term mandates. First, the board of the pension fund dictates and sets their pension policy, deciding what risk attitude they want to hold, sets the goals for responsible investing and the frameworks within which those goals are to be achieved (the ‘WHAT’). After that, they assign PGGM Investments to achieve the goals set within the relevant frameworks to be constructed by PGGM (the ‘HOW’). In this set-up, PGGM Investments holds an independent role that supports the pension fund board.
PFZW and PGGM Investments’ funds
After a research phase in which consequences were analysed, PFZW decided in September 2021 to stop participating in the joint PGGM Investment funds to be more agile in the implementation of its investment policy.
This decision by PFZW has consequences for our other clients. Now that PFZW is moving towards individual portfolios we are no longer able to offer asset management to other clients on attractive terms. We are in talks with our clients to transfer these services properly. This is an impactful development for our clients, employees and our organisation.
As an asset manager for pension funds, PGGM Investments supports its clients in fulfilling their task of providing a stable and good pension for their beneficiaries, now and in the future. Our clients and their participants are our first priority.
We support our clients in their role as principal. Amongst others, we provide advice on the implementation of their investment policy and management matters; e.g. selection and monitoring of external managers and internally managed portfolio’s.
We add value for our clients by helping them - now and in the future - realise their pension ambitions. Our objective is to provide a good, affordable and sustainable pension through best-in-class implementation within an agile and controllable organisation. With our strategy, ‘PGGM Investments, a solid value in health care and welfare’, we have made a clear choice. We primarily exist to serve the health and welfare sector. It is our ambition to be and remain the pre-eminent asset manager for the health care and welfare sector through excellent execution. Together with PFZW, we support the financial future of people who work in this sector and also contribute towards a healthy and vital sector itself. In this online Integrated Report we will show the work we have done to achieve this goals, our results and future outlook.
In the first months of 2021, PGGM Investments formulated a new vision for its investments chain, ‘Vision 2030’. As the No. 1 investment manager for healthcare and welfare sector pensions, where are we going to be in 2030? The investment vision for 2030 is based on "sustainable value creation": asset management aimed at generating good financial returns through long-term value creation, with a positive contribution to society and the environment
The investment policy is determined by our clients. During 2021, PGGM Investments had six pension funds as clients: PFZW, Stichting Pensioenfonds voor Huisartsen (SPH), Stichting Bedrijfstakpensioenfonds voor het Schilders-, Afwerkings- en Glaszetbedrijf (BPF Schilders), Stichting Pensioenfonds Smurfit Kappa Nederland, Stichting Bedrijfstakpensioenfonds voor de Particuliere Beveiliging, and Stichting Pensioenfonds voor de Architectenbureaus (PF Architectenbureaus).
Clients trust in PGGM Investments to carry out their policy and give us long-term mandates. First, the board of the pension fund dictates and sets their pension policy, deciding what risk attitude they want to hold, sets the goals for responsible investing and the frameworks within which those goals are to be achieved (the ‘WHAT’). After that, they assign PGGM Investments to achieve the goals set within the relevant frameworks to be constructed by PGGM (the ‘HOW’). In this set-up, PGGM Investments holds an independent role that supports the pension fund board.
PFZW and PGGM Investments’ funds
After a research phase in which consequences were analysed, PFZW decided in September 2021 to stop participating in the joint PGGM Investment funds to be more agile in the implementation of its investment policy.
This decision by PFZW has consequences for our other clients. Now that PFZW is moving towards individual portfolios we are no longer able to offer asset management to other clients on attractive terms. We are in talks with our clients to transfer these services properly. This is an impactful development for our clients, employees and our organisation.
Value creation model
We are PGGM Investments. A solid value in health care and welfare. PGGM Investments aims to create good, affordable, and sustainable pensions for pension funds - our clients - and their participants.
One of the objectives is to double the measured impact on seven focus SDGs: SDG 2 (food), SDG3 (health), SDG6 (water), SDG7 and 12 (climate and pollution), SDG11 (sustainable real estate) and SDG 13 (climate action).
That is why at PGGM Investments, we make sure that our employees enjoy their work, are able to develop and feel involved and appreciated. In order to attract, retain and develop talent, we continuously working on creating an inspiring, innovative and inclusive work environment.
This website is an edit of the PGGM Investments integrated report 2021 (PDF). In case of any discrepancies between the site and the PDF, the latter will prevail.
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