"Securing a Comfortable Future in Old Age"
In the ever-evolving world of pension provision, Green Pension, a Stuttgart-based company, is making significant strides in sustainable investments. As of December 31, 2020, the company had invested an impressive 323 million euros in sustainable investments, a threefold increase from what results from the contracts of the Green Pension.
The majority of the company's security assets, which form the basis for pension products, are evaluated as neutral from an Environmental, Social, and Governance (ESG) perspective. This means that these investments, according to common sustainability assessments, are uncritical.
Green Pension's commitment to sustainability is evident in all investments held for their pension offerings. The company invests a part of its security assets explicitly in sustainably investments, applying to all investments for Green Pension. Compared to the end of 2019, sustainable capital investments increased by around 15 percent.
The EU is also pushing for sustainability and is using regulations such as the disclosure and taxonomy regulation to redirect investment capital from conventional to sustainable investments. This trend is not exclusive to Green Pension, as more and more insurers now also offer sustainable products.
Green Pension's sustainable pension concept doubled its share in new business to 20 percent in 2020, with a total amount of contributions received at 93 million euros. The product family includes classic pension insurance, additional fund policies with and without guarantees since 2015, an index pension since 2019, and managed ESG portfolios in the current fund pension Performance plus.
Over 35 sustainable funds are available to customers for Green Pension. The fund selection for Green Pension has been rated "excellent" by the Institute for Provision and Financial Planning (IVFP). Since 2013, the Stuttgart-based company has been offering a concept for sustainable, private, and corporate pension provision under the brand name Green Pension.
While specific details about Green Pension's growth in sustainable pension products in Germany are not covered in the provided context, it is clear that the company is a leader in the sustainable investment sector. As the EU continues to push for sustainability and more insurers offer sustainable products, it is expected that Green Pension will continue to grow and innovate in this area.
- Green Pension, besides sustainably-focused pension products, also offers managed ESG portfolios in its fund pension Performance plus, demonstrating a comprehensive approach to wealth-management and personal-finance.
- In contrast to the conventional investment approach, Green Pension primarily invests in sustainable investments, ensuring that a significant portion of its assets are aligned with sustainable-living principles.
- Apart from pension products, the home-and-garden sector may also benefit from Green Pension's commitment to sustainability, considering the potential for technology-driven, eco-friendly innovations in this area.
- As Green Pension's stable growth in the sustainable investment sector continues and more insurers adopt similar practices, the finance industry may undergo a transformative shift towards greater responsible, long-term planning and sustainable practices.
