PGGM ensures you are in control through integral risk management. We assess whether your investment policy is being successfully implemented and check whether it corresponds to the ambitions of your fund and the risk-taking propensity of your participants.
Balance sheet risk management
PGGM considers all the risks to which your balance sheet is exposed, including the investment risks and your obligations. We express the balance sheet risk in terms of the funding ratio. In so doing, we make a distinction between the short and the long term. In addition to estimating risks, we also assess the financial implications of a number of stress scenarios. Hereby, we not only look at historical events, but also at potential new events which may have an impact on your investments and obligations.
The monitoring and analysing of your investment portfolio is carried out by the risk management department independently of the front office. Moreover, PGGM has made a conscious decision to have the Chief Risk Officer Investments report independently and directly to PGGM’s Chief Risk & Financial Officer.