Spoorwegpensioenfonds (Railways Pension Fund) is the Dutch pension fund for past and present employees in the Dutch railway industry. It has over 29,000 active participants, 25,000 pensioners and 71 affiliated companies. Spoorwegpensioenfonds has invested of over €15.6 billion assets.[1]
Spoorwegpensioenfonds excludes investment in all companies that are directly involved in the development, production, modernisation or maintenance of nuclear weapons or their delivery systems, as well as the trade in both.[2] Direct involvement is understood as “being involved in the [activities related to the][3] production of key components of a nuclear weapon and/or components that are specifically designed to be used for/in nuclear weapons.”[4]
Spoorwegpensioenfond’s exclusion policy applies to all asset management activities. External asset managers are instructed to fully apply the policy.[5]
The pension fund publishes its exclusion list, which as of November 2017 contains the following companies for activities related to nuclear weapons: Aecom; Aerojet Rocketdyne Holdings; Airbus; Babcock International; BAE Systems; Boeing; BWX Technologies; China Aerospace International Holdings; China National Nuclear Corporation (CNNC); China National Nuclear Power; China Shipbuilding Industry; China Shipbuilding Industry Group Power; China Spacesat; CNNC International; Constructions Industrielles de la Mediterranee; Dassault Aviation; Ducommun; Fluor; General Dynamics; Harris; Honeywell International; Huntington Ingalls; Jacobs Engineering; L & T Technology Services; Larsen & Toubro; Leonardo- Finmeccanica; Lockheed Martin; Moog; Northrop Grumman Space; Oceaneering; Orbital ATK; Raytheon; Rockwell Collins; Safran; Serco Group; Textron; Thales; United Technologies and Walchandnagar Industries. [6]
Website: www.spoorwegpensioenfonds.nl/
Twitter: @SPF_NL
Facebook: https://www.facebook.com/Spoorwegpensioenfonds-311964152167107/
[1] Spoorwegpensioenfonds, “Het Spoorwegpensioenfonds in cijfers”, website Spoorwegpensioenfonds (https://spoorwegpensioenfonds.nl/over-het-spoorwegpensioenfonds/onze-organisatie/Wie-zijn-wij/), viewed 23 January 2018. Written response to PAX, 13 November 2017.
[2] Spoorwegpensioenfonds, “Uitsluitingenlijst”, website Spoorwegpensioenfonds (https://spoorwegpensioenfonds.nl/documents/39/Nov_SPF_uitsluitingenlijst_bedrijven-nov.pdf), viewed 23 January 2018; Spoorwegpensioenfonds, written response to PAX dated 13 November 2017.
[3] Spoorwegpensioenfonds, written response to PAX dated 13 November 2017.
[4] Spoorwegpensioenfonds, written response to PAX dated 13 November 2017.
[5] Spoorwegpensioenfonds, “Profile of Spoorwegpensioenfonds”, website Spoorwegpensioenfonds (http://www.spoorwegpensioenfonds.nl/EnglishSummary.aspx), viewed 8 May 2015; Spoorwegpensioenfonds, written response to PAX dated 13 November 2017.
[6] Spoorwegpensioenfonds, “Uitsluitingen door het Spoorwegpensioenfonds”, 1 July 2017, available at http://www.spoorwegpensioenfonds.nl/Portals/1/Content/Over%20het%20SPF/Documents/2017/Website%20SPF%20uitsluitingenlijst%20bedrijven.pdf, viewed 13 November 2017. Spoorwegpensioenfonds, written response to PAX dated 13 November 2017.
Last modified March 2018