Over the past 15 months, INVL pensija 1989-1995 Index Plus (INVL) has demonstrated a strong balance between sustainability, tactical investments and proactive risk management. Its approach has focused on delivering long-term value for investors while maintaining a clear commitment to responsible investing and ESG principles. INVL blends innovation with financial performance to deliver attractive returns while positively impacting the environment.

A major milestone was last year’s investment in SB Modernizavimo Fondas II, a €200m fund supporting the renovation and modernisation of Lithuanian multi-apartment buildings. Last year also saw the exclusion of Chinese equities due to concerns over China’s non-democratic regime, heightened geopolitical risks, and structural challenges such as a shrinking population and real estate market turmoil.

“PZU OFE Złota Jesień demonstrates how teamwork and an inclusive approach led to strong governance and results,” judge’s comment

PZU OFE Złota Jesień’s (Złota Jesień) investment strategy is based on a balanced and diversified portfolio, investing primarily in equities, with around 76% allocated to domestic stocks and some 15% overseas.

Złota Jesień’s risk monitoring depends entirely on an inhouse developed model tailored to its needs. It uses modern techniques, such as exponentially weighted moving averages to better track market volatility in an open-source environment. In addition, the platform also conducts stress tests that simulate crisis situations, such as stock market falls or interest rate hikes to ensure resilience under different market scenarios.

Złota Jesień has developed its own ESG scoring system that is thoroughly data-driven and tailored to ensure objectivity and precision. It can perform cross-sector comparisons on a universe of almost 300 companies. Złota Jesień also adheres to strict investment principles by excluding industries that conflict with its ESG values, such as the production of arms, alcohol or gambling.