PFZW

Naam van het bedrijf
File:Bijdrijfs Logo.svg
Quick Facts
Type	Public
sector	subsector
Headquarters (Benelux Organization)	Stad, Land
Year of Origin	jaartal
Emissions (All Scopes)	XXX Megatons of CO2 (2020)
Net Income	USD$XXXX billion (2020)
Key People	naam, Chairman and CEO
Subsidiaries	dochterbedrijf 1 dochterbedrijf 2

Bdrijfsnaam, stylized as bedrijf, korte beschrijving van het bedrijf

Company Structure

Board of Directors

The CEO of PFZW is John Landman

The Management Board consists of representatives of the employer organisations from the sector, representatives from employee organisations, a representative of pensioners and an independent chair. The chairman is Joanne Kellerman. The respresentatives employee organisations are Jorick de Bruin (labor union CNV Connectief), Cees Dert (NU’91), Mariëtte Simons (chosen boardmember pensioners), Ilse van der Weiden (labor union FNV) and Leonne Jansen (labor union FNV). The representatives from the employer organisations are Age Bakker (VGN), Petra de Bruijn (Social Work Netherlands), Jacqueline Joppe (Actiz), Pascal Wolters GGZ Netherlands) and André ten Damme (ActiZ).

The Supervisory Board is appointed by the Management Board. The members of the Supervisory Board are Jack Buckens (chair), Jo van Engelen, Kees Goudswaard and Henny Kapteijn.

Accountant

The external independent accountant of PFZW is PWC (2020).

Operations

PFZW is the pension fund for the healthcare & welfare sector. It is a not for profit foundation. The Management Board is responsible for the policy and implementation of the collective pension scheme. An important body within the organisation is the Pension Council, the statutory accountability body at PFZW. The Pension Council advises the board in advance about the pension policy. It also assessess anually (in retrospect) whether the board has acted correctly. The Pension Council consits of participants, employers and pensioners. The organisation states that it invests the pension contributions of participants and employers in a sustainable manner, as much as possible, while maintaining the desired financial return.

Paris Agreement to Today

beschrijving van wat het bedrijf heet gedaan en misdaan sinds het akkoord van Parijs

Current Policies and Emissions

Current Policies

Current sustainability policies of PfZW are focused on four pillars.

1. PfZW wanted to quadruple the investments in sustainable solutions, which meant an increase from €5 billion in 2015 to €20 billion in 2020. In recent years PfZW invested €19.8 billion in solutions for climate change, water scarcity, health care and food security; 2.8 €billion of these investments were new in 2020.
2. PfZW aimed to lower the CO2 footprint of its investment by 50% from 2015 to 2020. According to the annual report of 2020, PfZW is selling al its shares in the most CO2 intensive companies in the most polluting sectors: utilities, energy and materials.
3. PfZW intends to fully integrate ESG-factors into all its investments
4. PfZW wants to contribute to the sustainability goals by positioning itself as an active shareholder. Through their voting and engagement activities, PfZW claims to adress policies and activities of the companies and markets they invest in, if in PfZWs view they take insufficient account of the environment and society in their operations.

Besides these four pillars, PfZW also reports that it also actively contributes to the development of international and European standards, such as the European taxonomy for sustainable finance. Moreover, it claims that it also puts pressure on companies to reduces their CO2 by forming coalitions

Emissions

In 2020 PfZW reported that it’s CO2-footprint of the investement portfolio in 2020 was 152 ton CO2 per million dollar company turnover. Which is, according to it’s own reporting, a reduction of 53% in it’s CO2 footprint compared to the 2014 baseline of 339 ton CO2 per million dollar company turnover

PfZW does not report any absolute numbers of CO2 footprint. However, a quick calculation shows that the absolute CO2 footprint was around 3,4 Mton in 2020 (balance of income and expenses in 2020 were €18.425 million and using the dollar exchange rate of 31 December 2021). The absolute CO2 footprint was around 3.2 Mton in 2014 (balance of income and expenses in 2014 were €7.805 million and using the dollar exchange rate of 31 December 2014). This shows that the CO2 emissions caused by the investment portfolio of PfZW actually increased since 2014.

An important point of interest is that the above stated CO2 footprint only includes emissions caused by investments from the investment portfolio of PfZW. Data from the other portfolio’s, such as Private Equity, Credit Risk Sharing and listed Real Estate is not available at PfZW. The actual CO2-footprint of PfZW is therefore higher than stated above.

PfZW does not report on its scope 1 and 2 emissions in its annual report or sustainability report.

Climate Plans

Beschrijving van de klimaatplannen van het bedrijf

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'