Vita Collective Foundation discloses its sustainability strategy
In its recently published framework for sustainable investments, the Vita Collective Foundation discloses how it is integrating the topic of sustainability specifically into its investment process. The Foundation has now also defined CO2 reduction targets for corporate bonds. Greenhouse gas emissions are to be reduced by 40 percent by 2030 compared to the base year 2019. The Foundation has also developed a concept to demonstrate the social impact that investments in forward-looking housing and living spaces can have.
The Vita Collective Foundation is one of the largest pension funds in Switzerland and aims to provide its insured members with a carefree financial future. As a responsible investor, the Foundation takes environmental, social and corporate governance aspects into account in its investment decisions. The Vita Collective Foundation focuses on three areas of activity in the area of sustainability: It gets involved as an active shareholder, makes impact-oriented investments, and strives for the sustainable decarbonization of the economy. In its newly published framework for sustainable investments, the Foundation discloses how it is integrating the topic of sustainability specifically into its investment process.
Decarbonization: New CO2 reduction targets for corporate bonds
The Vita Collective Foundation has committed to net zero by 2050, thus contributing to the sustainable decarbonization of the economy. The Foundation sets itself long-term CO2 reduction targets, so that it can measure the impact of its measures. Based on the available emissions data, it sets reduction targets for investment categories. The Foundation has now also defined reduction targets for corporate bonds. Greenhouse gas emissions are to be reduced by 22 percent by 2025, and by 40 percent by 2030 compared to the base year 2019. These targets are in line with the target setting protocol of the Net Zero Asset Owner Alliance, an international group of institutional investors who are committed to converting their investment portfolios to net zero by 2050. As part of its membership, the Vita Collective Foundation reported on its objectives and progress for the first time in 2023. The reporting was classified as a "green light" - it therefore meets the requirements of the alliance.
Impact-oriented investments: Making social impact measurable
The Vita Collective Foundation invests strategically in forward-looking housing and living space for growing old without any cares. To date, there are no established concepts for measuring social sustainability in this area. The Foundation has therefore developed a quantitative measurement concept with the aim of using available data to obtain precise information on the social sustainability of a residential complex. Key figures are evaluated in three dimensions: Costs, space and economy. The project examines how assisted living can reduce the continuously rising costs of care and healthcare and have a positive impact on the efficient use of living space, and how many jobs a future-oriented residential complex can create in the community.