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.
The Accountability Council (AC) at the Heineken Pension Fund consists of representatives of employees, employers and pensioners. Currently there is a vacancy in the AC for a member on behalf of the employees. The vacancy arose because the AC member is nominated as a member of the board of the Heineken Pension Fund. The documentation is in Dutch. Therefore it is important that Dutch can be read/understood.
The import tariffs announced by the United States caused declines on the stock markets. Many reports about this appeared in the news last week. We can imagine this raises questions.
In 2024, we will have achieved a 12.6% return by investing the pension assets. With this result, we are in the top three of the more than 170 pension funds in the Netherlands that were surveyed by consultants from OverRendement and Bell.