The Sustainability Yearbook 2011
Swiss Federal SocialSecurity Fund AVS/AI/APG
Doris, M. Schönemann, Vice chairpersonof the board of directors
“The social security funds AVS/AI/APG have more than 10 years of experi-ence in sustainability investing. Sustainable investments account for 60%, orabout CHF 2.7 bn., of the funds’ equity investments (DJSI Stoxx Europe, DJSINorth America). The sustainable share of the funds’ total assets of CHF 25.2 bn.is about 11%.Nobody objects to sustainability. But: ‘Doing good’ has to be done well. That’sthe real challenge. In this spirit, the sustainability issue is more than a buzzword for the Board of Directors – it is a continuous learning process. Itcalls for intensive, at times controversial discussions among Boardmembers followed by a critical examination of the results and,finally, adjustments and improvements. Sustainable in-vestments will only pay off if they are based on astructured, comprehensible process.”
Evli InvestmentManagement Co. Ltd.
Tomas Hildebrandt, Senior PortfolioManager for Institutional Clients
“We believe that companies which take environmental, so-cial and governance issues into account in their operationswill benefit from this in the longer term. We also believethat investors who wisely consider ESG issues will alsobenefit from doing so.”