The supreme bodies of the Livica Collective foundation have dealt with the complex issue of the sustainability of their assets on several occasions and at various meetings in 2022.  

Managing these assets entails a high fiduciary responsibility for all parties involved. Livica has the task of paying pensions over a very long period of time. Investment returns and contributions, as well as pension assets, are used to finance these. Generating long-term, sustainable returns depends on stable and well-functioning social, ecological and economic systems. Accordingly, pension schemes are, at their core, geared towards sustainability and intergenerational equity. Livica therefore relies on a sustainable and responsible approach to the implementation of its investment strategy.  

In the interests of the greatest possible objectivity, it is therefore appropriate to use the laws, regulations and international agreements and conventions (e.g. the Convention on Cluster Munitions) that have emerged in democratic consensus as a basis for the definition of ESG criteria. The UN defines responsible investment as an investment approach in which the investor explicitly considers the relevance of environmental, social and governance factors (ESG criteria: E=Environment; S=Social and G=Governance) and the long-term health and stability of the market as a whole.  

The supreme bodies of the Livica Collective foundation are convinced that the topic of “sustainable investment” is an ongoing process and requires a periodic review. Livica has assumed its responsibility as a collective foundation and a conscientious investor by deciding to have an external, independent status report compiled on its current assets. This provided an overview of the various forms and standards of sustainability currently used in the portfolio.  

The governing bodies of Livica have come to the conclusion that, based on the results of the status report on sustainability, which are summarised in this report, Livica is in a very good position.