PUBLICA Boosts Funds, Invests Responsibly

PUBLICA, the Swiss Federal Pension Fund, did well in 2023 with a return of 3.9%. Their financial health also improved, with their funding ratio climbing to 98.3%. Three out of eleven open pension plans still need more funding, though.

PUBLICA takes responsible investing seriously. In 2023, they focused on four UN Sustainable Development Goals (clean energy, good jobs, climate action, and strong institutions) that align with their investments. They started measuring progress on these goals for stocks and corporate bonds and will keep refining their approach.

PUBLICA also made headway in other areas of responsible investing. They launched a custom environmental, social, and governance (ESG) rating system for government bonds, and had discussions with nine companies. Also, they bought or built properties in French-speaking Switzerland that met financial, environmental, and social standards.

Finally, PUBLICA began building a knowledge base on biodiversity in 2023. Climate change hurts biodiversity, and biodiversity loss makes climate change worse. Measuring biodiversity is a challenge, but PUBLICA plans to review existing measurement methods next.

This revision removes the overly formal terms and focuses on clear, concise language. It highlights PUBLICA's performance and commitment to responsible investing using easy-to-understand explanations.

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Source: PUBLICA