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Select an assessment year:

  • Overall approach
    5/16
    • Overarching commitment on deforestation
      4/14
      Deforestation commitment
      Signatory to another initiative on deforestation
      4/14
      "In 2018, APG joined the initiative of seventy food producersand supermarket chains to stop the deforestation of theBrazilian Cerrado region. This savannah area is one of themost important and endangered ecosystems in the world.Due to deforestation in connection with agriculture, largesections of these forests have disappeared in recent years.Deforestation plays an important role in global warming;about 12% of all carbon emissions can be attributed to thefelling of trees. Trees produce oxygen and absorb carbonfrom the air. In addition, greenhouse gases are emittedwhen forests are cut down and burnt." " In September, APG joined a call from 251 major investors to halt deforestation in the Amazon. In recent years, a lot of forest has been lost in this region due to logging and forest fires. The investors emphasize the importance of responsible land use for the preservation of biodiversity, food security and the achievement of the Paris climate targets. Therefore, illegal logging and forest burning for agriculture must be tackled firmly. Also, less forest must be logged legally, and companies must take measures to ensure that no forest has to disappear to make room for their commercial operations."
    • Company must have anti-corruption policy
      1/2
      Anti-corruption
      Anti-corruption policy
      1/2
      "We want the companies in which we invest to respectthe UN Global Compact principles on human rights, laborconditions, the environment and anti-corruption. If acompany does not respect these principles, we can put iton our exclusion list if we do not succeed in getting thecompany to improve."
  • Commodity score
    19/64
    • Beef & Leather
      22/64
      • Commitment Strength
        18/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          5/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Asset management only - "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of association
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Palm oil
      21/64
      • Commitment Strength
        18/42
        • Commodity-specific financing policy
          9.3/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "An important problem with palm oil production is deforestation, which is a danger for various (protected) species. In addition, cases are known of palm oil companies that intimidate local inhabitants and pushthem off their land or make use of child labor. APG is conducting tough discussions with the palm oil producers in the investment portfolio. We havea team of local specialists who talk to the companies on location to encourage them to produce palm oilin a more sustainable manner. We have been doing this since 2011. APG is one of the founding membersof the PRI Investor Working Group on Sustainable Palm Oil. We ask companies to join the Roundtable on Sustainable Palm Oil. This organization is developing global criteria for sustainable palm oil."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "An important problem with palm oil production is deforestation, which is a danger for various (protected)species. In addition, cases are known of palm oil companies that intimidate local inhabitants and pushthem off their land or make use of child labor. APG is conducting tough discussions with the palm oil producers in the investment portfolio. We havea team of local specialists who talk to the companies on location to encourage them to produce palm oilin a more sustainable manner. We have been doing this since 2011. APG is one of the founding membersof the PRI Investor Working Group on Sustainable Palm Oil. We ask companies to join the Roundtable onSustainable Palm Oil. This organization is developing global criteria for sustainable palm oil."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "An important problem with palm oil production is deforestation, which is a danger for various (protected)species. In addition, cases are known of palm oil companies that intimidate local inhabitants and pushthem off their land or make use of child labor. APG is conducting tough discussions with the palm oil producers in the investment portfolio. We havea team of local specialists who talk to the companies on location to encourage them to produce palm oilin a more sustainable manner. We have been doing this since 2011. APG is one of the founding membersof the PRI Investor Working Group on Sustainable Palm Oil. We ask companies to join the Roundtable onSustainable Palm Oil. This organization is developing global criteria for sustainable palm oil."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "An important problem with palm oil production is deforestation, which is a danger for various (protected)species. In addition, cases are known of palm oil companies that intimidate local inhabitants and pushthem off their land or make use of child labor. APG is conducting tough discussions with the palm oil producers in the investment portfolio. We havea team of local specialists who talk to the companies on location to encourage them to produce palm oilin a more sustainable manner. We have been doing this since 2011. APG is one of the founding membersof the PRI Investor Working Group on Sustainable Palm Oil. We ask companies to join the Roundtable onSustainable Palm Oil. This organization is developing global criteria for sustainable palm oil."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "An important problem with palm oil production is deforestation, which is a danger for various (protected)species. In addition, cases are known of palm oil companies that intimidate local inhabitants and pushthem off their land or make use of child labor. APG is conducting tough discussions with the palm oil producers in the investment portfolio. We havea team of local specialists who talk to the companies on location to encourage them to produce palm oilin a more sustainable manner. We have been doing this since 2011. APG is one of the founding membersof the PRI Investor Working Group on Sustainable Palm Oil. We ask companies to join the Roundtable onSustainable Palm Oil. This organization is developing global criteria for sustainable palm oil."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Compliance with national and international regulation The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Compliance with national and international regulation The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Compliance with national and international regulation The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Compliance with national and international regulation The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          5/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Asset management only - "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of association
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Soy
      22/64
      • Commitment Strength
        18/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Zero Deforestation: Given the large impact of land-use related industries on biodiversity, APG pays special attention to deforestation in food supply chains. Our focus is on key commodities including palm oil, soy and cattle [...] Since 2017 APG expanded that collaboration with PRI and other investors to also address deforestation associated with soy and cattle production in Brazil. APG is engaging with a number of companies across the cattle and soy value chains to require appropriate management and disclosure of deforestation risks in their supply chains. The initiative is now called the UN PRI – Ceres Investor Initiative for Sustainable Forests. Furthermore, in 2018, APG joined the initiative of seventy food producers and supermarket chains to stop the deforestation of the Brazilian Cerrado region. This savannah area is one of the most important and endangered ecosystems in the world. Due to deforestation in connection with agriculture, large sections of these forests have disappeared in recent years. Together with international buyers and investors, APG is supporting and encouraging local Brazilian industry and NGOs to get to a biome-wide agreement on zero-netdeforestation. In its real asset investments in agriculture APG applies strict zero deforestation policies where applicable."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          5/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Asset management only - "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of association
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Timber, Pulp & Paper
      12/64
      • Commitment Strength
        9/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Compliance with national and international regulation: The way we invest responsibly complies with national and international legislation and regulation. The OECD guidelines for multinational companies are the basis of the inclusion policy."
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          5/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Asset management only - "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Particularly in countries with unstable or authoritarian regimes, the presence of raw materials and – often foreign – extraction companies may contribute to the violation of human rights. It could concern, for example, land rights, bribery and corruption, environmental degradation and unsafe working conditions. APG had discussions with thirty companies in the raw materials sector in the past few years. We expect all the companies involved to develop a policy approved by the executive board regarding human rights, including the commitment to investigate, deal with existing problems and implement a complaints procedure."
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        4/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of association
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We want employees of companies we invest in to be free to jointrade unions and bargain collectively on working conditions.Child labor, forced labor and discrimination on the shop floorare not acceptable."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
  • Reporting & Implementation
    5/20
    • Policy is reviewed and updated
      0/5
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      3/5
      Monitoring compliance
      Yes - General non-compliance statement
      3/5
      "Proposals for new investments (above a certain size) in non-listed companies and new mandates for external managers are also assessed by specialists in the field of sustainability and good governance. In addition to their advisory role, they are also involved in formulating the conditions to be included in the contracts that form the basis for the new investments [...] An important part of the responsible investment policy that we implement on behalf of our clients is the inclusion policy. This means that we assess all companies in which we can invest by means of shares or bonds on four criteria: return, risk, costs and sustainability. We call companies that score well on all four criteria ‘leaders’. As of 2020, we will only invest in companies that are assessed as ‘laggards’ if the portfolio manager expects to be able to convince them to improve. He must find the risk, return and costs attractive enough to put time and effort into such an improvement process. If these criteria have been met, we can invest in these companies and we refer to them as ‘improvement potentials’. We tell such companies which improvements we wish to see and we monitor the progress closely." "Companies that do not comply with global agreements We want the companies in which we invest to respect the UN Global Compact principles on human rights, labor conditions, the environment and anti-corruption. If a company does not respect these principles, we can put it on our exclusion list if we do not succeed in getting the company to improve."
    • Reporting on implementation of the policy
      3/5
      Reporting
      Yes - Less than Annually or ad hoc
      3/5
      Numbers: 5,600 companies were compliant in 2018, and 2,100 were non-compliant

      Type of Reporting: Numerical
      APG publish pie charts demonstrating that they asssessed 90% of their investment portfolio on inclusion criteria (including sustainability criteria) in 2018. Of those assessed, "5,600 companies meet our criteria" and "2,100 do not meet the criteria" - "109 of these have been assessed as improvement potentials". " Our clients want the companies we invest in to respect the principles of the UN Global Compact in terms of human rights, labor conditions, the environment and combating corruption. As in 2018, there are three companies on our exclusion list due to violating these principles: the Chinese energy company PetroChina, the Japanese energy company Tokyo Electric Power Company and the American supermarket chain Walmart. Unlisted companies There are only listed companies on the exclusion list. In contracts with external asset managers it is specified that they must also apply our exclusion policy to unlisted companies. The list that is used for this purpose includes another 119 companies."
  • Commitment strength
    16/42
    Avg. score
  • Social considerations
    4/22
    Avg. score

Profile

Stichting Pensioenfonds ABP (ABP) are a pension fund based in the Netherlands for public and education sector employees. As of 2017, they have 403 billion EUR in available assets. They are among the top 45 shareholders for Forest 500 companies, with more than 8 billion USD worth of shares across a broad range of forest risk sectors.

HQ
HQ 
Netherlands
Financial institution type
Financial institution type 
Pension Fund

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.