Excellent execution

Striving for maximum value creation

As PGGM Investments, we do everything to secure a good, affordable and sustainable pension for our clients’ participants. It is how we can add societal value. That is why it is essential for us and our clients that our execution is always of the highest quality. And that we handle our clients’ investments ethically as well. That we handle our clients' investments with integrity is another.

Compliance & integrity

Clients, supervisory authorities, society and other stakeholders expect that PGGM conducts itself in accordance with the applicable legislation and regulations and internal standards of conduct. Compliance is PGGM Investments’ licence to operate and is also a material topic for us. In order to shape this, PGGM Investments once again pursued a proactive compliance and integrity policy in 2020.

Societal context

PGGM Investments operates in a highly regulated sector. This demands constant attention from management and supervision of compliance with legislation and regulations. Especially since this regulation is only expected to become stronger and stricter in the next several years.

Important developments in legislation and regulations

Below you will find an overview of the key (upcoming) developments and how we have anticipated these.

Sustainable Finance Disclosure Regulation (SFDR)

The key ambition of the Green Deal is to make Europe the first carbon-neutral continent in 2050.

Corporate Governance Code

The Dutch Corporate Governance Code 2016 (the ‘Code’) only applies to Dutch listed companies.

Investment Firm Directive (IFD)

In December 2019, the new European prudential framework for investment firms was published.

Action Plan on Financing Sustainable Growth

The EC published its Action Plan on Financing Sustainable Growth on 8 March 2018.

Wwft-Sw

In response to the introduction of new anti-money-laundering regulations, in 2020 PGGM critically examined its own processes for compliance with the Wwft and Sw, with the assistance of an external consultant.

MiFID II

In 2018-2019, the AFM conducted a sector investigation into compliance with MiFID II among investment firms. This investigation specifically covered matters including compliance with the MiFID II obligations relating to cost transparency, ...

AIFMD

In response to a review, the EC intends to amend the Alternative Investment Fund Management Directive (AIFMD) which took effect in 2013.

Correspondence address

PGGM

P.O. Box 117
3700 AC Zeist

Visiting address

PGGM
Noordweg Noord 150
3704 JG Zeist

Disclaimer

The original PGGM Investments annual report 2020 and its financial and non-financial statements were drafted in Dutch. This website is an English translation of the original Dutch document. In case of any discrepancies between the English and the Dutch text, the latter will prevail.

Copyright

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