ABP, Folksam, Folketrygdfondet win RI Reporting Awards
Dutch civil service pension scheme ABP and Sweden’s Folksam have jointly won industry awards for transparency in reporting on responsible investment (RI).
The two schemes won best RI reporting by a large fund at the RI Reporting Awards, now in its second year, at a ceremony in London.
Norway’s Folketrygdfondet, the government pension fund, also won best RI reporting for a medium and small fund.
In the highly commended categories, the Canadian Pension Plan Investment Board (CPPIB) and South Africa’s Government Employees Pension Fund (GEPF) secured their spots as large funds.
Canadian funds Bâtirente and Fonds de solidarité were highly commended as small and medium funds.
Judges in the RI Reporting Awards use publicly available information to look for reporting best practice in terms of simplicity, relevance, disclosure and process, the awards organisers said.
They added: “Public disclosure, accountability and transparency enhance the credibility of responsible investment, leading to higher standards.
“The RI Reporting Awards are based on proprietary research of more than 1,000 funds around the world to create a pool of RI reports to which a series of objective indicators are applied to filter the reports into two shortlists.”
Last year, at the inaugural awards, Dutch pension fund Pensioensfonds Zorg en Welzijn (PFZW) and the UK’s Environment Agency (Active) Pension Fund were awarded the top accolades.
Both funds were invited to the judging panel this year and thus were excluded from entering in 2014.