Your money in good hands
Retirement is not just money for later. It’s about the opportunities and resources you will have later on after retirement. Which give you the opportunity to continue to enjoy yourself, even after your working life. We are committed to this every day. Your pension with SPIN is invested. We do our utmost to arrange this for you with all our attention. We invest your money carefully to achieve a good and responsible return. In doing so, we take no more risk than necessary. We optimize the arrangements where possible, and keep you informed of the possibilities. So that you know where you stand, now and in the future. Would you like to know exactly how we do that? Then take a look at our annual report. We keep you regularly informed with news and overviews, but you can also always check your pension, options and file online in MijnSPIN. If something happens in your life that affects your pension, we are there for you with advice and assistance. Communication and service are very important to us: we are happy to help you and would also like to hear what you think of us.
Investment Policy
We have some 4.5 billion euros of pension money under management. To ensure that there is enough money now and in the future to pay the benefits in the DB schemes, we invest the funds. The same applies to the pension capitals that (former) employees build up in the DC schemes. When they later buy a pension from an insurer with their capital, that capital must have grown sufficiently. Finding the balance between return, risk and cost is of course a very important part of our tasks. Sufficient returns must be made, but we do not want and must not run too many risks in the process. We also strive to keep costs as low as possible. At SPIN, we formulate investment policy and strategy. SPIN stands for a well thought out and solid way of investing. Optimizing the balance between return, risk and cost is central. You can read more about this in our Statement of Investment Principles.
Activeinvestment policy
Active share ownership is mainly about voting at shareholder meetings and engaging in discussions with the companies in which we invest. We do not do that voting and those discussions ourselves. We leave that to parties who specialize in it. Curious about what we do? Click on a link below.
Engaging in conversation
Vote
Global | Cardano Select fund name’CARIWI – CAR ESGT Enh Index Eq GL (I)
Emerging | Aegon Select under “Fund”: MM Emerging Markets fund
Sustainableinvesting】 .
When we invest your pension money, we consider a good eye for the environment, human and labor rights and anti-corruption important. This is because it helps our investments perform better over the longer term. In addition, environmental, social or governance (ESG) events can reduce the value of your investments. We take these sustainability risks into account in our investment policy. We consider the following points from our Sustainable and Responsible Investment (DVB) Policy important in this regard:
1. We are an active shareholder
That starts with talking to the companies we invest in. We believe that convincing a company of a point of view works better than leaving.
2. Focus on corporate governance and climate
When we choose a company to invest in, we believe it is important that these companies outperform similar companies in terms of:
- Good corporate governance (“corporate governance,” including respect for shareholders’ rights and a long-term vision);
- Address climate change impacts and manage their risks.
Climate change is one of the greatest threats to the livability of the earth and the world as we know it. As investors, we take our responsibility to contribute to achieving net zero CO2 (equivalent) emissions in or before 2050, in accordance with the goals of the 2015 Paris Climate Agreement. SPIN as an individual investor has limited ability to make its influence felt. We therefore collaborate with other parties (such as service providers and/or investor associations) to exert influence effectively and efficiently. For example, SPIN is affiliated with:
- Net Zero Asset Owner Alliance (NZAOA).
- Institutional Investors Group on Climate Change (IIGCC).
- Principles for Responsible Investment (PRI).
- Climate Action 100+ (CA100+)
By joining NZAOA, SPIN supports this alliance’s position on coal and oil and gas. We are in discussions with our managers on how best to align our portfolios with these positions. In addition, SPIN has committed to setting quantitative targets. You can read more about this below. We report annually on our progress in meeting these targets and publish the same on our website. In addition, we have established interim goals that will be redrafted for every five-year period until 2050. Our interim goals:
- We have achieved a reduction for average weighted intensity of CO2 (scope 1 and 2; that is, direct and indirect CO2 emissions) for the equity and corporate bond asset classes of 59% and 51%, respectively, as of December 2024 compared to December 2019. We have thus met the previously formulated target (30% reduction by December 2024 for both categories).
- We reduce the average weighted intensity of CO2 for the equity and corporate bond asset classes by 65% and 60%, respectively, before 2030 compared to 2019.
- We continue to engage with companies through our asset managers and partnerships, focusing on the 20 companies with the highest emissions. The goal of these conversations is to ensure that these companies are making credible and verifiable plans to achieve net zero emissions in or before 2050.
- We make agreements with the asset managers of our Dutch mortgage loans about their contribution to achieving the CO2 reduction targets for housing set out in the Climate Accord.
- We have invested €146 million as of December 2024 in activities that directly contribute to climate solutions (think renewable energy sources, for example). With this, we have met the previously formulated target (between €100 and €150 by December 2024).
3. International standards and treaties
SPIN’s policy states that the companies in which we invest must, as a minimum, comply with a number of international standards and treaties in the areas of:
- the UN Global Compact. This contains principles on human and labor rights, environment and anti-corruption;
- controversial weapons on which the Dutch state has signed treaties;
- countries or organizations sanctioned by the European Union, the United States of America and/or the United nations. We implement this policy for all of SPIN’s investments; both DB and DC.
4. Choosing and supervising our asset managers.
All of SPIN’s investments are placed with asset managers. We expect these managers to include Ecological Social and Governance (ESG) factors in their investment policies.
5. Justification
We defend the way we give sustainability a place in our investments. And ask our participants’ wishes and preferences when drawing up our sustainability policy. From Europe, we must state whether we take sustainability factors into account when making our investment decisions. Read our statement on this subject (pdf).
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