Company description
The Eskom Pension and Provident Fund (EPPF) provides retirement fund administration services and is approved and registered under the South African Pension Funds Act 24 of 1956.
EPPF maintains a broad view of responsible investing, by both promoting transformation through its private and listed markets development programme (currently incubating 10 emerging asset managers) and by supporting environmental, social and governance (ESG) best practices. The fund conducts aforementioned activities while maintaining a strong focus on maximising investment returns.
EPPF’s impact investment mandate directs contributions to high-impact targeted investments that promote social and economic development. In 2022, EPPF tracked (for the second consecutive year) the economic stimulus provided by its investees and established that these entities created 54 117 direct jobs, spent 9.26 billion South African rands (R) on procurement of local goods and services, and contributed R1.03 billion in taxes.
EPPF and sustainability
The fund has recently approved its climate change policy, which will define its commitment to a net-zero future through responsible investment. Acknowledging the evolving environmental and socio-economic landscape, EPPF takes a proactive and resilient approach to ESG, responding to issues before they pose financial risks. Thus, EPPF aims to contribute to environmental protection and pollution reduction, as well as to undertake climate action—focusing on both mitigation and adaptation.