Page 17 - Seafarers---_Pension_Fund_Annual_Report_2020_s

Annual Report of the Board

Seafarers’ Pension Fund 2020 Annual Report

Fortum represents the largest single investment with an increasing
effect on the carbon footprint; it accounts for more than one half of
the carbon footprint of the direct equity portfolio.

The portfolio’s potential impact on the UN Sustainable Development
Goals (SDG) is presented in the figure.

Source: Tracefi

The analysis shows that, of the 17 SDG goals, the most prominent
in the portfolio are 3 (health and well-being), 8 (decent work and
economic growth), 9 (industry, innovation and infrastructure), 12
(responsible consumption and production) and 16 (peace, justice and
strong institutions). Four of these, namely goals 3, 8, 12 and 16, are
among the five SDG goals selected by the Seafarers’ Pension Fund. Goal
13, climate action, is emphasised especially in our real investments.

Direct real estate investments
The responsibility analysis includes the real properties fully owned
(100%) by the Seafarers’ Pension Fund, with a total current value of
EUR 160.2 million.

The majority of the carbon dioxide emissions of the properties
in use is comprised of the consumption of electricity and heat. The
Seafarers’ Pension Fund pursues to reduce the energy consumption
in real properties and the related carbon dioxide emissions. Energy-
efficient solutions, such as geothermal heating, are emphasised in

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