Investment Policy Statement

Investment Policy Statement

The UN General Assembly mandates the Secretary-General (most recently in its Resolution A/RES/73/274 of 22 December 2018), as fiduciary for the investment of the assets of the UNJSPF, to ensure that decisions concerning investments “[take] fully into account the four main criteria for investment, namely safety, profitability, liquidity and convertibility”. The UNJSPF’s Investment Policy Statement (IPS) addresses Environmental, Social and Governance (ESG) concerns by explicitly prohibiting investments in the tobacco and armaments sectors, while it does not mandate divestment in other areas. The Fund acknowledges its responsibility to society as part of a global organization committed to social progress by being a founding signatory to the Principles for Responsible Investment (PRI) and through its association with the United Nations Global Compact (UNGC) and the UN Environment Program (UNEP) Finance Initiative.