The Heineken Pension Fund (HPF) is shocked by Russia’s invasion of Ukraine. It is a human tragedy of enormous magnitude, with families broken and displaced, with many injured and even loss of life. Senseless, criminal and a blatant violation of human rights. Our thoughts are with all the people who have been affected.
With regard to our investment portfolio, we can report that our allocation to Russian investments is minimal (less than 0.5% of our total assets). These investments do not involve the sanctioned companies or banks that are excluded from SWIFT.
The HPF is considering these investments and will of course closely monitor developments.
We look back on three days of great conversations and informative webinars in which we took a total of 341 live viewers through the transition to the new pension scheme. We have noticed that pensions are not an issue for everyone, but when we talk to colleagues, questions do arise.
The new pension scheme is a solidarity-based contribution scheme. An important and mandatory element of this scheme is the solidarity reserve. The solidarity reserve is a separate reserve that protects the pension benefits. The solidarity reserve has two objectives:
On November 12, 13 and 14 the annual Three Days of Pensions will take place. During these three days, we will organise various (online) activities where we will tell you more about the pension scheme we have at HEINEKEN and the upcoming changes to the pension scheme and what this means for your pension at HEINEKEN.