About this report
In this annual report, the Executive Board of APG Group NV renders account for the company’s financial and non-financial results in the financial year 2021, which runs from January 1 through December 31. The annual report has been prepared in accordance with the Dutch annual reporting rules. The Executive Board renders account for the core activities performed by APG, both in the Netherlands and via its international subsidiaries. APG is based in Heerlen and Amsterdam and has subsidiaries in New York and Hong Kong, as well as satellite establishments in Brussels, Shanghai, and Beijing.
Sustainable long-term value creation
APG comprehensively reports on its vision of long-term value creation and the associated strategy and plans. The value creation model shows how our core activities create value for our stakeholders: clients, staff, and shareholders, as well as for society as a whole.
The basis for our value creation is summed up in our mission statement: “Building your sustainable future together.” Our core values show that APG is about pensions, about people, about life, and about living together. We want to make a difference so that we, our parents, and our children are ensured a good income today, tomorrow, and beyond.
The building blocks for creating value are the activities we carry out for our clients – the pension funds for which we work. Our clients have entrusted us with the administration of and with communicating about their pension schemes and managing their assets. In line with this we provide advice and help participants become financially fitter. It is to a significant extent due to our specialized staff and our high degree of innovation and information technology that we are able to do so. This and our sophisticated automation processes enable us to make a significant contribution to value creation. Our networks and collaborative ventures are essential for us as a knowledge company. Being a major social organization, we also need a healthy and solid financial basis. We regard our efforts in the area of sustainability as extremely important and relevant.
This annual report is based on the guidelines of the Value Reporting Foundation and the Global Reporting Initiative (GRI). The framework provided by the International Integrated Reporting Council has been implemented in full. The key indicators for measuring our added value and using this value as a yardstick are set out in the chapter “The World of APG.” The GRI content index, additional sustainability information, and information about our staff are addressed in the appendices.
APG publishes a Responsible Investment Report, in which we explain our client’s investment policies and the drive towards greater sustainability of our investment portfolio in more detail. The report also describes our progress in terms of the Sustainable Finance Disclosure Regulation (SFDR) and the Covenant on International Socially Responsible Investment for Pension Funds (Convenant Internationaal Maatschappelijk Verantwoord Beleggen Pensioenfondsen).
This annual report contains outlooks and other views on future performance and results, which are based on current expectations and assumptions regarding developments and other factors which affect APG. The actual future performance and results may differ materially. This disclaimer fully applies to all future-oriented statements included in this report. The original financial statements were drafted in Dutch. This document is an English translation of the original. In case of any discrepancies between the English and the Dutch text, the latter will prevail.