The Sustainability practices of the Office of Investment Management (OIM) grow out of our belief that institutional investors need to incorporate a holistic approach to sustainability into their investment beliefs, strategy, process, systems, data and decision-making within a global economy.
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). The fund is also associated with the United Nations Global Compact (UNGC) and the UN Environment Program (UNEP) Finance Initiative.
By deploying an active voting and engagement policy which supports NGO initiatives and communities, the UNJSPF can more effectively impact positive and sustainable change consistent with our mission. The Fund believes in an effective dialogue with company management in order to affect corporate behavior and advocate for better outcomes. This encouragement and engagement policy does not mean that the Fund may never reach the conclusion to divest, but such decisions would be based on a comprehensive analysis. The engagement can take time and presents unique challenges, but OIM believes that it is more effective in the long-term and results in greater internal impact.