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UN Sustainable Development Goals MEK – Listed shares and funds compared to
selected UN Sustainable Development Goals
The Seafarers’ Pension Fund has selected five goals ments’ benchmark index and the world stock in- 0,25 σ
from the UN’s sustainability principles that we dex. The comparison equally weighted factors based
believe we can influence the most through our own on revenue and operations. The world stock index 0,20 σ
activities. forms the so-called zero level, and our benchmark
index is slightly better on all five metrics (0.01-0.09 0,15 σ
The five selected goals are: standard deviations). One factor in this is the high-
er weight of emerging economies than in the world 0,10 σ
• Good health and well-being. index because such investments are seen as socially
• Decent work and economic growth. positive. Also, good sustainability ratings for Finn- 0,05 σ
• Responsible consumption and production. ish companies improve the ratios.
• Climate action. 0,00 σ
• Peace, justice, and strong institutions. We use normal, market capitalization-weighted
indices as benchmark indices, which do not include Good Health Decent Work Responsible Climate Peace, Justice
During the fall of 2023, we reviewed our choices of the weighting of sustainability goals. Since we em- and Well Being and Economic Consumption Action And Strong
UN sustainable development goals and our respon- phasize sustainability goals in our investments, the Institutions
sibility objectives. The work continues during the ratings of our investments are significantly better. Growth and Production
spring of 2024 with the aim of addressing MEK’s This emphasis applies to our passive investments
new responsibility objectives at the summer 2024 (ETFs), active fund investments, and direct equity
seminar. investments. Thus, at the level of our entire equity
portfolio, our chosen five sustainability goals ex-
In our portfolio of listed equity investments, we ceed the world index by over 0.1 standard devia-
hold approximately 7,000 shares. We have com- tion.
pared our five goals against our liquid equity invest-
Seafarers’ Pension Fund
Benchmark index
The analysis was conducted by Impact Cubed, an ESG expert whose ESG data covers all listed companies worldwide.
Seafarers’ Pension Fund | Annual and Sustainability Report 2023 14
