In March 2026, the TNO Pension Fund conducted a member survey on socially responsible investment. We received a good response from retired members and those currently working at TNO, but to a lesser extent from those who no longer work at TNO but still have a pension with the TNO Pension Fund.

The results across the board differ significantly from the previous survey, which was conducted in 2022. Even back then, the majority considered socially responsible investment to be important, and – just as today – saw it as a key prerequisite for the pension fund’s financial performance. Achieving a good financial result is still regarded as the pension fund’s primary task.

In this year’s survey, we focused primarily on determining whether the sustainable investment policy we implemented following the previous survey still aligns with members’ preferences. We found that this was the case for most topics. This includes, for example, not investing in companies in the tobacco sector or companies that generate energy from coal. The majority of them felt, and still feel, that we should not do this, so there is no debate about it.

In a few sectors, such as companies that manufacture weapons for protection and security, the majority of members believe that the pension fund could invest in these sectors under certain conditions, although this is not currently the case in the investment portfolio. The next step is to carefully assess whether, and if so how, we can best reflect these and other preferences in the investment portfolio.

In any case, the member survey has confirmed that we can continue along the same path, but that we need to review our policy in some areas.