MPFA

Corporate Governance and Corporate Social Responsibility

Corporate Social Responsibility (CSR) and Sustainability

MPFA has been integrating social responsibility and sustainability considerations into its operations.

CSR and Sustainability Governance: Chaired by the Managing Director with all heads of business units as members, the MPFA CSR and Sustainability Committee (CSC) is responsible for overseeing the overall CSR and sustainability developments in MPFA. Supporting CSC are two dedicated working groups: the CSR Working Group and the Sustainability Working Group. The former focuses on community cohesion, staff wellness, and environmental protection. Meanwhile, the latter strengthens collaboration with the MPF industry in sustainability development and supervises the implementation of sustainability measures by MPF trustees.

The community

Financial inclusion: By mandating contributions to MPF schemes, the MPF System helps the workforce develop investment discipline and set aside small sums regularly for their retirement reserves. MPF savings contributed by scheme members are pooled together and invested into quality markets and diversified portfolios through stringently regulated financial products managed by major financial institutions. Fund investment and asset accumulation for fortifying retirement protection is no longer a privilege of high-net-worth individuals.

Sustainable investing: MPFA promotes sustainable investing by requiring MPF trustees to integrate environmental, social and governance (ESG) factors into the investment and risk management of MPF funds, disclose their ESG integration strategies and report implementation progress regularly to MPF scheme members.

In respect of MPFA’s own investment, the investment portfolio managed by an external fund manager has adopted an ESG investment framework in its decision-making process and has invested in green bonds. Investment in tobacco-related securities is strictly prohibited. Meanwhile the cash portfolio managed in-house has also invested in green deposits.

Community service: Through the MPFA CSR Working Group and Volunteer Team, MPFA encourages colleagues to engage in various community services and charitable activities, and coordinates participation in fundraising activities for charity organizations.

Our people

People are the key to our corporate sustainability. We focus on attracting and retaining talent while strengthening capabilities to meet corporate objectives and organizational needs. In addition, we also organize initiatives to promote the health and well-being of colleagues. These include:

recreational activities: sports competitions, hiking activities, etc.
interest clubs: staff are welcome to form interest clubs and organize activities
social hub: a common and social area to encourage bonding between colleagues
lunch seminars: seminars on physical and mental health-related topics are held from time to time
family-friendly measures: lactation facilities for nursing mothers, family leave and optional work-from-home arrangements
employee assistance programme: counselling services by qualified professionals to help staff cope with stress
workstation safety: workstations equipped with height-adjustable desks and ergonomic chairs to improve colleagues’ health and productivity

MPFA has established an Occupational Safety and Health Charter.

The environment

Aligned with the Government’s long-term goal of achieving carbon neutrality by 2050, MPFA implements a range of initiatives to conserve resources and promote sustainability. These efforts include applying the principles of Reduce, Reuse, and Recycle across office practices, leveraging smart technologies to enhance resource management, adopting green procurement, and implementing various digital systems to further reduce paper consumption. We also partner with the premises management office on a food waste management programme. In addition, we track material consumption to continuously improve environmental performance.

The implementation of the eMPF Platform is one of MPFA’s major green initiatives. As a centralized and integrated electronic platform, it standardizes, streamlines and automates MPF scheme administration processes. At the same time, by shifting from paper-based submissions to digital means, it significantly reduces paper consumption across the MPF industry.

MPFA has established an Environmental Protection Charter.