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" href="javascript:void(0);">About Profundo ">Profile

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">Team

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">Annual reports

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">Jobs

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" href="javascript:void(0);">Projects

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" href="javascript:void(0);">Publicity

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Pension funds

Pension funds own large capital which makes them influential shareholders of thousands of companies. They can use this influence, for example to deny investments to those who severly pollute the environment or violate human rights. Or they can stimulate the majority of companies to invest in sustainable production and productionmethods. Moreover pension funds can offer access to capital for innovative companies

 

Profundo researches where pension funds invest their capital and how far they take social and environmental criteria into consideration in their investment policy. Profundo also researches the possible influence of pensionfunds in financing in sustainable productive corporations, for example the timber and papersector. And we advise pension funds on their corporate responsibility investmentpolicy. 

projects

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Benchmark Pension funds and Climate Change
Among the largest Dutch pension funs, no climate heroes can be identified. This is caused by the fat that the pension funds do not have a comprehesive climate policy. We researched investments in renewable energy, coal and tar sands, and looked at voting behaviour, transparency and participation in climate initiatives. Some pension funds perform well in some areas, but poorly in others. No fund scores well on all indicators, so there is still a lot to gain.

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Don’t Bank on the Bomb
This report identifies more than 300 banks, pension funds, insurance companies and asset managers in 30 countries with substantial investments in nuclear arms producers. The study, for which Profundo did the financial research, provides details of financial transactions with 20 companies that are heavily involved in the manufacture, maintenance and modernization of US, British, French and Indian nuclear forces.
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Sustainability and investments in raw materials: (im)possible?
This article focuses on the discussion about worldwide investments in raw material future contracts. The question is whether it is or is not possible to make sustainable investments in raw materials.

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Trading at the agricultural future markets: a quick scan
Since a couple of years financial institutions like pensionfunds have become more and more active on the agricultural futures markets. The fact that their part in these markets has increased and that the prices have gone up has led to social anxiety. The financial institutions themselves say the one thing is not brought about by the other.

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Greenpeace finance training
Training of Greenpeace-campaigners on the financing of companies and projects in sectors with a large sustainability impact.

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Boosting Investments in Sustainable Forestry and Forest Carbon
Together with Nyenrode Business University, Profundo organised an international conference on "Boosting Investments in Sustainable Forestry and Forest Carbon", on behalf of FMO, FSC Netherlands, IDH, FORM International, the African Development Bank and the VBDO. The conference brought together experienced fund managers of ready-to-invest sustainable forestry funds and forest carbon funds, project developers and investors such as development banks, asset managers and pension funds. The participants weren given the opportunity to meet each other, learn from each other and explore mutual business interests in a very pleasant ambiance. Furthermore, trends and prospects in the industry were analysed.
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Benchmark Responsible Investment by Pension Funds in the Netherlands 2011
Small pension funds in the Netherlands invest in a less responsible way than the larger funds. This is the conclusion of the annual benchmark study of the VBDO (Dutch Association of Investors for Sustainable Development). Profundo contributed to the methodology and the background chapter of this study.
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Corporate Pension Funds & Sustainable Investment Study
In this report Eurosif, of which VBDO is the Dutch member, examines to what extent and in what manner European corporate pension funds have adopted sustainable and responsible investment practices. Profundo has provided background information to the report,
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Global and European investments in coal
Presentation held at the Chatham House Coal Finance Meeting, London, England

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Financing of coal mining and electricity companies
This report provides an overview of the 45 most important financiers of eleven coal mining and electricity companies. Several of these financiers have signed sustainability policies.

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European relations of Grupo Mexico

After a mining accident at one of the company's Mexican mines in February 2006, FNV Mondiaal is concerned with the human rights situation around the mines of Minera Mexico. As this is a subsidiary of the conglomerate Grupo Mexico, FNV Mondiaal wants to address European, and specifically Dutch, investors and clients of Grupo Mexico to put pressure on the company.

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Biofuel investments in sixteen countries

This research provides an overview of biofuel (ethanol and biodiesel) investments in sixteen countries: Argentina, Brazil, Cambodia, Colombia, Costa Rica, El Salvador, Guatemala, India, Malaysia, Nicaragua, Paraguay, Philippines, Singapore, Thailand, Trinidad and Tobago and Vietnam. Different feedstock, like sugarcane, palm oil, soy and jatropha, were researched. A distinction was made between companies which only engage in the processing of feedstock and vertically integrated companies with both estates and biofuel production facilities.

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Dutch pension funds and arms supplies to Libya
Six out of the ten largest Dutch pension funds hold shares and bonds in the companies Finmeccanica, BAe Systems and EADS, which in the past few years supplied anti-taknk missiles, helicopters and other arms to Libya.
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Mapping Global investment in Coal
An analysis of the global coal sector, providing context and data to enable design of informed strategies and actions aimed at redirecting flows of global investment away from coal and into clean, alternative energy sources. This research was presented at the Taking on Coal/Following the Money conference in Washington in January 2011.

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Benchmark Responsible Investment by Pension Funds in the Netherlands 2010
The fourth edition of the ‘Benchmark Responsible Investment by Pension Funds in the Netherlands' again assessed the responsible investment policy of pension funds. The report now focuses on multiple asset classes and the different instruments pension funds use to apply their policies. In total 60 pension funds have been investigated, which is more than in the previous years.
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Pension funds and controversial weapons
The investments of nine large Dutch pension funds, with total assets of 450 billion euros, in producers of controversial weapons were researched. The funds do not invest anymore in producers of cluster munition, but six funds do invest in a large number of producers of nuclear weapons.

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Investments by Dutch pension funds in oil and tar sands
In order to restrain global climate change both production and consumption of oil and gas need to be limited. Since it becomes more difficult to gain from the regular oil- and gassupplies, the oilcompanies focus more on gaining oil orm tarsands. This method causes larger emissions of greenhouse gases and it uses a lot of water. The research shows how much Dutch pension funds invest in oil production, and which part of these investments is intended for the extraction of tar sands.

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Technical challenges for disinvestment campaigners
Powerpoint presentation by Jan Willem van Gelder about the challenges for disinvestment campaigners.

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Biofuel investments in forest-rich countries of Asia, Latin America and Africa

Globally investments in biofuels have increased over the past ten years. This offers opportunities for development to countries in Asia, Latin America and Africa, but also creates social and environmental risks. When more land is utilised for growing feedstocks fro biofuels, this can lead to deforestation, land right conflicts and a threat for the local food security. This research project aims to gain insights regarding biofuel investment patterns in forest-rich countries of Asia, Latin America and Africa, analyzing the major financiers in this sector and making recommendations on how to steer investments in a more sustainable direction.

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The financing of Barrick gold by Dutch financial institutions
This report shows the involvement of Dutch financial institutions (APG, ING, Aegon and Robeco) in the financing of Barrick Gold, the large Canadian gold mining company.

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Controversial weapon investments by German state-related banks, pension funds and pension schemes

The objective of this research project was to identify how the German federal and state governments - through pension funds and state-owned banks - are indirectly involved in investments in producers of cluster munitions and landmines.

For this purpose, we have researched the investment funds included in the Riester-Rente schemes of Deutsche Bank, Allianz and Cominvest; and the pension funds of VBL (German civil servants), Deutsche Telekom and Deutsche Bahn. In addition, we have researched whether Bayern LB, HSH Nordbank, LBB, LBBW, NORD/LB and WestLB have invested in or provided loans to producers of cluster munitions and landmines.

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Reference guide: Asset management and responsible investment in the Netherlands

It is important that pension funds are provided with tools to continue their progress in the field of responsible investment. This explorative research was undertaken to find out what SRI services asset managers and service providers offer to pension funds.

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Pension funds in a changed climate
This note, additional to the seminar Pension funds in a changed climate on may 28th 2010, discusses practical opportunities for pension funds to make an active climate policy. The possibilities to take climate change into account whitin assect classes investments are discussed first. Second, being a shareholder in many companies, pension funds can try to get recognition for a good sustainability policy in those companies. Furthermore, they can invest in companies, technologies and products that stop climate change.  

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Benchmark Pension Funds 2009

This third edition of the 'Benchmark responsible investment of Duthc pension funds' by the VBDO in cooperation with Profundo, surveyed solely pension funds and is focusing on the progress that pension funds have made during the three years the benchmark was carried out. The investment policy of 51 pension funds was researched upon three issues: policy, implementation and accountability.

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Worldwide investments in cluster munitions

Companies that develop or produce cluster munitions can still lend money from banks and other financial institutions. Which financial organizations contribute in this way to spreading these dangerous weapons? This publication by IKV Pax Christi and Netwerk Vlaanderen, where Profundo contributed in, presents a report on financial institutions’ investment in these companies and on legislative measures to prohibit investment in cluster munitions.

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Proposal for the Code for Responsibile Investing
Proposal for the Code of Responsible Investing. This code describes the way in which the Pensionfund PNO Media fills her social responsibility as institutional investor. After an extensive explanation of this code, the report focusses on the periodic evaluation of the code and the way that the fund communicates with participants, retired people and associated companies about the completion of the code.

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Asset Managers - Part of the Problem or Part of the Solution

An inquiry into SRI services offered by Asset Managers to Pension Funds. This research by VBDO and in collaboration with Profundo, aims to explore the socially responsible investing (SRI) services offered by asset managers active on the Dutch pension market. The study concerns the services that companies offer to Dutch pension funds at present (January 2009) and to the activities companies have undertaken the past year (2008).

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Evaluation of the sustainable investmentpolicy of PNO Media
It is PNO Media's ambition to be in the lead when it comes to sustainable investments and ongoing improvement of her policy. In this report PNO Media's strong points will be pointed out, but also the points that can be improved and recommendations ceoncerning her own Code Sustainable Investments and recommendations concerning the implementation.

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Benchmark Pensionfunds
Second edition of the benchmark of Dutch pension funds and pensioninsurers with regard to the content, implementation and transparency oftheir responsible investment policies.
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Voting policy Dutch banks and pension funds on climate change resolutions
Study on the voting policy of Dutch banks and pension funds on resolutions demanding a stronger climate change policy from companies.

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FSC and financial institutions

FSC Netherlands together with Profundo talks with financial institutions (banks, insurers and pension funds) about their possibilities to support the FSC-inititative.

 

In May 2007 ING netherlands and pension fund PME decided to use only FSC-paper. Besides that PME uses FSC as a criteria for its investments in woods. Last November the Dutch governmental pensionfund ABP also decided to shift to FSC-paper totally from 2009 onwards.

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Exclusion as an instrument of responsible investment
Workshop about exclusion as an instrument of social responsible investment policy at the VBDO Seminar of June 18, 2008.

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The financing of Anglo Platinum
Research into the involvement of European financial institutions in the financing of the South African platinum mining company Anglo Platinum.

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Trends in the financing of four sensitive sectors
Strategic analysis of the financing trends in four sensitive sectors: mining, dams, oil and gas and the weapons industry.

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Responsible investment by Dutch pension funds and pension insurers
Benchmark of 30 large Dutch pension funds and pension insurers with regard to the content, implementation and transparency of their responsible investment policies.
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Investments in Sudan
Opinion article written with Frans Bieckmann (The Broker) on the political and economic options to put pressure on the regime in Sudan to achieve a lasting and fair peace in Darfur.

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Investment policy of PGGM
Analysis of the strengths and weaknesses of the responsible investment policy of the Dutch pension fund PGGM (now: Pensioenfonds Zorg en Welzijn).
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Controversial investments by Dutch pension funds
Study into the investments by Dutch pension funds in military companies producing cluster munition and landmines, companies which severely damage the environment and in companies sourcing products which are produced with the help of child labour.
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No pensions with looted money
Opinion article in NRC Handelsblad on the new Pension Law.

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Challenges for BankTrack - Presentation
Presentation for BankTrack regarding the organisation's strategic positioning and potential hurdles in the future.
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