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Responsible investing is taking care of the future pensioners

The responsibility for pension funds extends decades into the future. We create lifelong security and ensure that our customers receive the pensions they have earned, both now and in the future. Our principles for responsible investment are also based on corporate social responsibility: our accountability to policyholders and the insured. 

Responsibility is an integral part of Elo's strategy and values. The principles of responsible investment apply to all investment assets and are implemented taking into account each asset class and investment style. 

Our Approach 

We operate in different investment markets in such a way that we achieve the best possible and adequate return in all market conditions at the desired risk level for the pension assets. As a long-term pension investor, we believe that responsibility strongly integrated into the investment process is essential for managing investment risks, achieving good investment returns, and identifying societal changes and systemic risks. We engage our investees by ourselves or in collaboration with other investors and stakeholders. Ownership policy is also a central part of our responsible investment practices. 

We incorporate ESG (environment, social, and good governance) issues into our investment analysis and decision-making processes. We believe that only sustainable business operations can achieve sustainable results over the long term. 

Our responsible investment practices consist of the following: 

  • Engagement and collaboration 
  • Climate policy for investments 
  • Norm-based screening 
  • Sustainable solutions 
  • Ownership policy  
  • Exclusions 

Elo’s goal of a net zero investment portfolio will be achieved

  • by decarbonising the investment portfolio,
  • by increasing investments in sustainable solutions,
  • by reducing the share of fossil fuel production in investments,
  • by assessing the climate change risks and opportunities in all asset classes and in the investment strategy and allocation work,
  • by assessing the alignment of the investees’ objectives and strategies with the goals of the Paris Agreement, and
  • by engaging with companies and other stakeholders, both individually and in collaboration, in line with the climate policy.

Elo has undersigned the following initiatives that support responsible investing:

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UN's Principles for Responsible Investment (PRI) (2008)

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Montréal Pledge (publication of carbon footprint of investments) (2015)

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CDP (2015), climate change, water and forest programme and the Investor Action Request initiative (2018)

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IIGCC, Institutional Investors Group on Climate Change (2017)

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TCFD, Task Force of Climate Related Finacial Disclosures (2017)

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Climate Action 100+ (2017)

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Investor Agenda (2018)

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