PGGM Investments in Solutions

Sinzer September 2016

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Gert-Jan Sikking

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Hello, I’m Gert-Jan

•  I’m working at the responsible investment department at PGGM

•  Gert-Jan Sikking (52) •  Specialisation: innovation and impact

investing •  With PGGM since 2008 •  Father of Florentine and Martijn •  Running, tennis, golf, reading !

The PGGM cooperative

•  Background in het Dutch healthcare sector, created in 2008 when pension fund

decided to seperate from operations

•  PGGM has a cooperative structure and works on a not-for-profit basis. 700,000

members

•  9 institutional clients, € 188 billion assets under management (September 2016)

•  Pension administration for 2.5 million participants

•  1300 employees

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What we do

•  Pension management

•  Asset management

•  Board advising

Why responsible investment?

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Our ambitions

To provide good and stable pensions for the members of our clients, now and in the future. In order to achieve this, we want to create tangible societal impact through the investments. As asset manager for pension funds we want to be market leader and thought leader by providing excellent execution and innovative product development.

Our beliefs

•  Responsible investment pays off by producing a positive risk-return profile

•  Good and stable returns in the long term are not possible

without sustainable development •  Capital is a driving force for sustainable development.

Responsible Investment Ambition: to have a tangible impact for a sustainable world

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PFZW investment policy 2014-2020

Sustainability is one of the three pillars of the investment policy 3 out of 10 policy initiatives focus on sustainability: •  Quadruple investing in solutions (EUR 5 to 20 bln)

•  Halve carbon footprint of investments

•  Systematic ESG integration in all investment decisions

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Impact at market rate returns BiO: Investments in Solutions

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BIO

UN Sustainable Development Goals

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SDG Statement Institutional Investors September 2016

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Results in 2015 – Investing in Solutions

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Publicity

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Copyright 2016 IPE International Publishers Limited All Rights Reserved

IPE.com

August 31, 2016 Wednesday LENGTH: 375 words HEADLINE: PGGM works on improving impact investment metrics BYLINE: Frank van Alphen, HIGHLIGHT: Sinzer, appointed to improve metrics, currently works with range of Dutch charities BODY: The EUR200bn Dutch asset manager PGGM is to work with a local provider of social impact management metrics to boost its understanding of the social impact of its portfolio. To date, the Amsterdam-based provider, Sinzer, has largely worked with Dutch charities and family offices, but its work with PGGM comes after the manager's main client, the EUR179bn PFZW, pledged to quadruple its exposure to sustainable investments -including investments meant to improve food security and combat food scarcity. Cedric Scholl, corporate trainee at PGGM said: "The co-operation with Sinzer enables us to improve registration of impact data reported by companies." According to Scholl, PGGM will work on new metrics for impact measurement, "including reduction of the carbon footprint or the amount of water saved by new technology". He added that PGGM already has monitored many areas, such as production of healthier food, but that companies sometimes were unable to produce the relevant data. PGGM wants to involve approximately 40 companies earmarked as providing solutions, because of their positive impact on environment, water, food or health, the focus points of PFZW's policy for impact investing. At the moment, PGGM has combined impact investments in listed companies of EUR1bn for PFZW, whereas the asset manager's total stake in investments in such solutions stands at EUR9bn. Impact investments and measuring their effect are to play an increasing role in PGGM's investment policy, as noted by Piet Klop, the manager's senior advisor, responsible investments. Speaking as the Global Impact Investing Network launched a report on the business value of impact measurement, Klop said that measuring impact had numerous benefits, including motivating PGGM's staff, but also allowing its clients to demonstrate how pension savings were being used for societal good. "PGGM sees impact measurement - and its standardization - as an important step towards the impact we are really after: signaling to our peers, our investees and the market as a whole that institutional investors are interested in positive, tangible

PGGM gaat

maatschappelijke impact

registreren op nieuw platform

FD – Pensioen pro

Frank van Alphen

31 augustus 2016